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scion

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scion

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Re: ACER post# 25

Monday, 05/03/2010 10:23:20 AM

Monday, May 03, 2010 10:23:20 AM

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A public shell is a non-operational public company that in the past sold stock to the public. The business later ceased operations, leaving a shell corporation with a base of shareholders holding free-trading stock. As long as the corporation has not had its corporate charter revoked, a new company can merge into the shell and assume the base of shareholders. The officers and board of directors of the public shell resign, and new officers and directors are appointed.

http://publicshellco.com/content6.html
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