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Re: bigoledog post# 29000

Tuesday, 11/30/2010 9:42:54 PM

Tuesday, November 30, 2010 9:42:54 PM

Post# of 35802
'bigoledog', the cost of preparing a company for a listing and an IPO can be close to a million dollars versus a couple hundred thousand for a shell. The real advantage is the time element. A full blown IPO can take a year or more to accomplish. To take over a shell you just need the insiders to agree to sell their worthless stock to you for a few pennies a share. Then you elect new officers and print another 50M or so shares and you never skip a beat. GRNO really has not stopped trading since the shutdown in 1997. Only the players have changed.