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Friday, June 29, 2012 3:29:56 PM
Your analysis is spot on, particularly with regards to the private letter ruling. The audit will be necessary to sell the company, get listed on the nasdaq and account for the assets. In our particular case, the audit info will be shared more quickly than usual because there is much curiosity among investors as to what assets actually followed the shell, after the bones had been picked over.
This has become a buy and hold investment. Patience grasshoppers.
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