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lesnshawn

07/17/06 8:05 PM

#2060 RE: faith4more #2059

faith4more: I found the following in three different locations. I'm only posting the one here in the interest of time (gotta go home)...

"After developing a strategic plan for a reverse merger, the private company identifies a suitable public shell company (the guppy) with no assets, liabilities or ongoing business operations."

http://www.stagfinancialgroup.com/rmerger.htm

All three stated it's has to be a real private company "merging" w/ a shell company. A shell company is just that..."no assets, liabilities or ongoing business operations". FHAL is not a shell in that case.

Still confused.

lns