The value of a shell is directly proportional to how much of the O/S the buyer acquires with the purchase. It isn't unusual for the buyer of a shell to gain control of 95% or more, of the O/S. Manzo got ZERO % of the O/S when he acquired the FOGC shell. Also, when he acquired the FOGC shell, he knew that there was $400K in debt, that MMG beneficially owned more than 50% of the O/S and that there was a DTC chill in place. I'm not aware of any problems that have come to light, that Manzo wasn't aware of before he acquired the FOGC shell.
The fact is, an OTCQB fully reporting shell, with control of 95% of the O/S being transferred to the buyer, costs less than the debt Manzo took on when he acquired the "chilled" FOGC Pink Sheets shell. So why did he buy the FOGC shell? There's only one reason someone pays big money for a bankrupt Pink Sheets shell, that can't be used to raise money: -there are no reporting and disclosure requirements, which is crucial for pumping and dumping. Insider trading reports and audited financials are not required on the Pink Sheets, like they are on the QB.
On the OTCQB, shareholders know the facts. On the Pinks, you only know the "good news" that supports the company's fictional business plan.
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