Thinspace Technology Inc. (fka THNS)

[patchman]

So it doesn't concern you that the CEO of this company is also the CFO of another company that was recently served a Wells Notice for, among other things manipulative schemes, sale of unregistered securities, and falsifying accounts.

Outside of violating securities laws, I can only imagine how much time he can spend running this company when he is knee deep in another and also runs a private investment fund called RME Investment. The Wells Notice can be found at http://sec.gov/Archives/edgar/data/1201251/000114420409067083/v170343_8k.htm

Hardly a pretty picture.

You never answered the other part of the question. What company goes public as a shell and raises money by selling discounted shares so that it can go out and acquire another company?

BTW, those losses. According to the filing those losses are associated with: The increase in net loss is principally attributable to increased selling, general and administrative costs.

And finally, in case you are interested, as of September 30, 2009 the company had 36 MILLION shares issued and authorized and that was before the dilution (2.4 Million More)associated with the additional $650K they raised. I can't wait until they actually spend money investing in - THE BUSINESS since to date their spending has gone into no product to sell.