lesn: In Delaware alone, NeoMedia now owes over $1 million. What is your total 'polish up' number?
FROM THE SEC: "Rise and Fall of the Dormant Shell Company
FINRA and the SEC continue to be concerned about pump-and-dump schemes in which a fraudster deliberately buys shares of a very low-priced, thinly traded stock and then spreads false or misleading information to pump up the stock’s price. The fraudster then dumps his shares, causing the price to fall, leaving investors with worthless or nearly worthless shares of stock. A shell company is often used in these types of scams. These dormant shell companies may be on the brink of insolvency or even bankrupt. These companies also may not file periodic reports with the SEC that would provide public information about their business and financial condition and may no longer be in good standing in their state of incorporation. Dormant shell companies often have no officers or management. As the name implies, these companies are simply shells.
Fraudsters have been known to use dormant shell companies in pump-and-dump schemes."
"Dr.SS owns a clean, empty shell stock company (KEYO) that after he bought control of it three years ago he liquidated it and closed its doors six months later. Then, over a year ago he finally, officially dissolved them.
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