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Re: WarMachine post# 48020

Saturday, 07/28/2012 9:05:59 AM

Saturday, July 28, 2012 9:05:59 AM

Post# of 74729
A stock that continues to trade, and no longer provides a product or service, eventually becomes a shell. At the time ASYI submitted their 10q, they checked the box saying they were not a shell, however,they still had issues to attend to as most companies who seek reverse merger candidates, and will have to address those issues. I will post this again, as my last post was so conveniently deleted,

There is obviously a transition that takes place prior to a merger:

This is taken from this link:
http://www.exinfm.com/training/pdfiles/course07-1.pdf

The problem with reverse mergers is that the Shell Company sells at a serious discount for a
reason; it is riddled with liabilities, lawsuits, and other problems. Consequently, very intense due diligence is required to "clean the shell" before the reverse merger can take place

So there is a process that takes place prior to the r/m to clean the shell. For all we know, as it's been awhile since the last 10Q, this may have already been accomplished.


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