More from the Mina Mar website: THE "SHELL PITFALLS" Read our position on merging with a shell that you "have to pay for", and then before you decide to proceed also take a few minutes and Google such key words such as: pitfalls of buying a public shell, dangers of buying a public shell. Also do a reverse look up of court records of our competitors that sell shells and what the main complaint is. In summary "Shell owner sold the plaintiff a dirty shell plagued with regulatory issues or hidden debts". Many private companies CEO'S do not realize that by simply buying a "shell" does not mean that your company stock will be liquid, or that you will raise capital or that you will make your company grow! The reason is no one knows about you. In other words you have no share holder base! Don't be sold on the premise that you can "build a shareholder base". That takes time, sometimes years. We have estimated that it costs the issuer about $200.00 to attract a single investor through awareness programs and various marketing costs. So if you as a new issuer want to attract say 500 shareholders that will cost you about $100,000.00 in cash marketing. Don't forget this is all over and above what you just dished out to buy a brand new "shell". There are also shells with "cash" available and lines of credit. That's a sneaky way to dupe the novice privateco CEO. Here's the interpretation of what that really means. There are also State rules in effect that allow restriction legends to be removed prematurely this making restricted stock free trading. The "line of credit" is a sophisticated investor who will give you or buy your stock at a fraction of its value and use his funds to sell it to his market maker network. Now they have all the tools to short sell your stock all the way to sub sub sub penny and there's not much you can do about it. Oh you are public alright and you have volume till one day you have had enough of shareholder revolt and you simply walk away from your asset and hope that a court appointed guardian will take this mess off your hands. So the cycle repeats. Don't fall for the misconception that you can just issue stock and pay for the awareness. The SEC has strict rules on this for reporting companies and non reporting companies are not allowed to do this nor to participate in a gypsy swap. Some shell owners offer "registered stock" and will show you proof that you in fact can pay marketing (IR) with stock. They are right except they don't tell you what the side effects are. You are diluting your company right out of the gate. The IR gets "free stock". What's his cost base? ZERO! Exactly! With "marketing groups" they simply blow the stock out at any price and walk away with a nifty profit. The shareholder who bought the stock at a fire sale (initially usually a market maker) now control's your company destiny. So what's the solution? Either buy an existing, X distress cleaned up shell, or buy a shell and have many friends and family and "friendliest" stock holders to support you. A private placement is a great way to start. Remember the key to all of this working successfully is time over money. The longer the timeline, the better your chances to success. So what if you don't have a "friendliest" stock holders shareholder base, or you need the money now to grow your business?