He could run a stinky pinky to triple zeros just as fast as a $180,000.00 fully reporting shell. I don't think he'd get more than 500K-1,000,000K sold without a successful promotion for his new company before he hit double zeros. That would barely cover the costs of reporting for the year.
It seems dumb to spend $180K on a clean reporting shell then dump shares or file an S-1 without good business practice explanation. He couldn't sell much more than 50-100K shares without driving the price to .00's would t you think? Then he'd need new shareholders all over again. He could also do that for a $50K pink sheet co so why buy fully reporting?