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tmj

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Alias Born 09/03/2009

tmj

Re: investor_2009 post# 11598

Tuesday, 03/16/2010 11:46:08 AM

Tuesday, March 16, 2010 11:46:08 AM

Post# of 16707
its called a reverse merger..when a company does not want to go thru an IPO for cost reasons its usually cheaper for them to find a company where its stocks are basically worthless (like decanso agency)..and they buy all the shares out and the new company's board members become the shell company's board...

For example in this case:
Decanso Agency is the "old" company that is a travel agency

Pacific Blue Corp Energy (De Beer is the chairman of) decides to go public so they buy all the shares of Decanso agency and take over their boards.

That is what happened...a lot of companies do this to avoid costs of going through an actual IPO.
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