Scepter Holdings Inc. (BRZL)

[bgraichen]

Read this about buying Public Shell Companies...

http://www.accountingtools.com/public-shell-company

"Timing. Buying a shell can be completed in a few weeks and requires minimal regulatory approval"

"Residual liabilities. Shell companies are famous for having undisclosed liabilities that will haunt the newly merged firm, quite possibly sapping its cash reserves. Many major law firms refuse to assist a company with buying a shell for this single reason. The risk can be mitigated through an extensive legal review of a shell, but there is always the possibility that some liability has been overlooked."


Doesn't make me feel to good about BRZL.