Let's say ACX files a S-1 and it passes comments by the SEC - you do know the first course of action on these shells is to reverse split all current shareholders out of existence.
They would do a R/S and then raise the A/S of the new company to where old shareholders percent of ownership will be negligible.
This would clear the slate for new shareholders to be dumped on.
If you think otherwise you haven't looked at any Gelmon/Hipple shells in the past.