Monday, March 15, 2010 11:01:15 AM
More info for you:
"Usually these shell companies need to be recapitalized to absorb the merger. Obviously the higher their share price is the less stock the company has to issue in the merger. Usually these shares are held in escrow upon the merger and remain the control block for some time after the merger. The float and the free trading shares usually remains undisturbed after the merger. The shares these companies receive are subject to insiders and control block and referred to as Rule 144 stock"
LINK:http://www.prnewswire.com/news-releases/important-company-update-and-free-offer-85536187.html
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