So if another private company were to acquire this shell they would have to file a new form 10 along with other guidelines? And file financial statements for the shell or the private company going back 2 years?
Yeah, that could be the case too....but for only 1,000 shares at a costs of a cheeseburger just do not add up. These brokers are getting paid nearly 6 digits and for $4 do not make any sense.
Any how, this shell is not in bankruptcy protection so i do not think its legal to just completely cancel the common stock ownerships. Just my opinions.