Replies to post #41060 on Calissio Resources Group Inc (CRGP)

[DABLACKHAMMER]

I respectfully disagree with you this time, with this ticker. The future holds a “Reverse Merger” a private company acquires the controlling interest in a public company, usually a “shell” company, and then effects a merger of the private company into the public company, with the public company being the surviving company. 

Certain things usually happen and some SEC rules must be met upon the completion of the reverse merger. The name of the shell company is usually changed to the name of the private company. If the shell company has a trading symbol it is changed to reflect the name change. Many times, a reverse stock split will be done and additional shares issued to give the new principals more control of the Company. An information statement, called an 8-K, must be filed within 15 days of the closing. The 8-K describes the newly combined company, stock issued, information of new officers and directors, and financial statements audited to US GAAP, standards. The 8-K must disclose the same type of information that it would be required to provide in registering a class of securities under the Securities Exchange Act of 1934.

After the reverse, the present directors and officers resign and new directors and officers are appointed representing the new owners of the Company. 

There are certain advantages for a company to acquire a "shell" as a means of becoming a "public company".

[DABLACKHAMMER]

All you have to do is locate a Suitable Public Shell. It could very well be in the works! Sometimes attorneys and CPAs may be aware of a few public shell companies. There are a number of companies and individuals that specifically deal with public shell companies. VentureVest Capital is usually aware of a number of shell companies that are seeking a merger. These include companies trading on the OTCBB, Pink Sheets and Grey Sheet companies. VentureVest Capital can help you locate the right shell company.

[DABLACKHAMMER]

Oh i almost forgot this piece, this is what I would do to save money. Acquiring a "shell" can save an enormous amount of time over the company doing an initial public offering (IPO) of its stock. A shell can be completed in 1 to 2 month versus 6 to 12 months of doing a public offering.Saving money - Depending on the type of a "shell' that is acquired and the assets that may be in it, the cost can range from $70,000 to $700,000. There are usually no underwriter fees or commissions to be paid. And we all know there are "0" assets with CRGP currently, but the new company might want to keep the same shareholders on board. Just sayin. A little birdie never lies.