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Re: imiloa post# 162105

Tuesday, 07/14/2009 12:57:48 PM

Tuesday, July 14, 2009 12:57:48 PM

Post# of 192567
Buying a shell is for morons. First off, a pinksheets shell has lots of scary skeletons and sometimes bogus stock sales. The other issue is recent changes to Rule 144 and 145, which pretty much made non-reporting "shell" companies virtually useless.

This attorney has good info on this. http://www.gopublicdirect.com/pink-sheet-shell-pink-sheet-listing-warning

The average stiny pinky shell sells for around $50K, if someone is paying more.. their an idiot.

The whole R/M is sometimes dreamed up by middle men and brokers to take advantage of idiots that don't understand capital formation. You will always be better off going public from scratch, it is cheaper and in some cases just as fast. A start-up can be done sometimes for as little as $60K and that's OTCBB.

There is really only one good reason to go pink.. to avoid disclosure so you can screw niave penny investors.

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