Um, no. Not quite. One of us just might be an idiot and as a trader for many years, I can guarantee that it's not me. At least Xtreme understood my point and suggested a couple of alternatives - you either failed to understand it or pretended not to, to play to your ignorant audience.
A company cannot attract a reverse merger candidate without a currency. Generally, it's stock of the acquirer that's issued to the target. Here, there's no authorized but unissued stock, so what would the company that would theoretically merge into the shell get in exchange for its assets? Would your undying gratitude suffice?
"Classic" indeed.