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Re: tonycajjo post# 8165

Thursday, 02/24/2011 10:44:38 AM

Thursday, February 24, 2011 10:44:38 AM

Post# of 29254
We should be going to a higher exchange soon,IMO.

Here are some high-profile and successful RTOs (reverse take over):
• Armand Hammer, world renowned oil magnate and industrialist, is generally credited with having invented the "Reverse Merger". In the 1950s, Hammer invested in a shell company into which he merged multi decade winner Occidental Petroleum.

• In 1970 Ted Turner completed a reverse merger with Rice Broadcasting, which went on to become Turner Broadcasting.

• In 1996, Muriel Siebert, renown as the first woman member of the New York Stock Exchange, took her brokerage firm public by reverse merging with J. Michaels, a defunct Brooklyn Furniture company.

• One of the Dot Com fallen Angels, Rare Medium (RRRR), merged with a lackluster refrigeration company and changed the entire business. This was a $2 stock in 1998 which found its way over $90 in 2000.

• Acclaim Entertainment (AKLM) merged into non operating Tele-Communications Inc in 1994.