Not a good shell....they had that total share issue that could never get resolved... Much better shells out there than one with unknown number of issued shares.
If what you say is true then we have a shell company with potential for a reverse merger.
Short-term flipping only, IMO!!!
Note: My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.