Wellstar International (WLSI)

[MindlessSelf]

I don't understand the whole going public and buying empty shells. Is it really worth it to go public through an empty shell? 1 billion shares that trade at 0.0001 would be 100,000 dollars. Even still, does this "investor" have control of the shell? Is this efficient cost effective vs going public on their own? Do any assets go along with the purchase?

Someone explain this to me like im in 5th grade :)