I don't know what additional cost is involved thru a backdoor merger?. Neither do the many who want to get involved in this dirty business. A private holding company may have a line of these symbols, some clean, some not so clean, and this will determine the price they sale at. They will give they buyer the financing thru "them" getting stock ownership. They may very well have their own shyster atty, or can put them on to one...............in other words the seller, can actually be anyone, the owner of the pink who already ran the gambit, here today, gone tomorrow, and that person may be offered a similar deal, and in turn get his money from the new symbol, and becomes something like a private partner, but either way they are all private partners, and rarely in a company, more like the new BS thats about to be spun, and the buyer will release PR's that promises all kinds of BS in hopes to pull in investors, and many play on market trends, like oil, natural gas, whatever is getting the interest of investors.
The Otc market is where these gambling bets were made thru the likes of AIG, into the trillions of dollars in CDS's. Not even real insurance, not even real insurance policies, these were nothing but agreements, and fraudulently covered these bets without the cash to back them. My understanding is that Aig, rather the taxpayer, "is on the hook" for $440b of Aig's fraud, and the govt wasted no time in giving them already $175b, a company estimated to be worth $1b, and would have gone belly up if the govt didn't step in. The reasons why they did was due to all the innocent investors who were tied to either their stock and bonds, or annuities. In additon to them carrying insurance for the airlines, and "Dollywood actors"..................the good ole Congress will now find other means to tax in an attempt to recover these losses, it will either be this or borrow borrow borrow. Your next coke may cost ya $2 a bottle, and then there's gas, and cigs, and alcohol, and whatever else they can think of.
The present Gov of our State was proposing a tax on dairy farmers, for the gas emmissions given off by cows.........guess we will be next?. :)
