well cause 98 percent of all mergers are called 'PARTICIPATION" deals cause the company has a great concept but no money to buy the shell so the first year they end up doing a deal with the owner of the shell plus funding cause on mergers the shares handed over are restricted..One of the way the old shell owner keeps his hands on the ownership of the shell for years afterwards is by also providing funding which is converted to shares are .0002 and real dirt cheap prices years later...
Disclaimer-I buy stocks on the advice of my lucky eight ball,please seek the advice of your own balls before buying anything ....