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Re: rocky822 post# 1212

Thursday, 03/02/2006 7:51:47 PM

Thursday, March 02, 2006 7:51:47 PM

Post# of 1885
Yes. Saves a lot of time and money if a private company can reverse merge into a shell and become a listed company very quickly. They can even change the ticker symbol. There are specialists that clean up shells and sell them.

I don't know if you remember SPEA (now CKXE) but they were a shell that had disposed of their operating business in the second and third quarters of 2002 until December 2004 when they made an agreement with a private company called Elvis Presley Enterprises.

SPEA went from .10 to finish the week over $9/share on its way to a peak of $30.65 in May, 2005. Incredible true story. I was there when it happened.

http://www.siliconinvestor.com/subject.aspx?subjectid=55394

http://www.elvis.com/news/full_story.asp?id=755ll

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