Half the mullets in the pennystock world cannot understand the difference between a private company and a shell corporation.
You own shares in a shell corporation that was formally revoked under a federal court order.
Private companies have real operations, real revenues, real profits or losses. Shell corporations are nothing more than an annual paid registration with whichever state you intend to do business in.
All corporations in the U.S. must start off as a legally registered corporation.
You would be shocked how many scam "companies" have zero registration. Just made-up names. Some fool in Massachusetts keeps claiming he runs a mega-billion trust called HHH Investment Trust. Mysteriously, there is no corp registration anywhere.
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