Also from "International Monetary" "To become a public company quickly, one of the most expeditious routes is to acquire an existing public company and merge the private company into it. In such a “reverse merger” or “reverse takeover” (RTO), a private company merges with a public company with no assets or liabilities. This public company may be called a “shell corporation” if all that exists of the original company is its corporate shell structure. If the public company is an operating company wishing to go private by selling its public vehicle, it will be called a “non-shell corporation” which is best for going public through the RTO process. Merging the two companies enables the private company to become public at a fraction of the cost of the conventional IPO. Taking a company public through a reverse merger is not new at all. In fact, nearly one out of three listed public companies have become publicly traded through this process – companies like Turner Broadcasting, Berkshire Hathaway, and even the New York Stock Exchange (NYSE) became publicly traded thru this process." TRTC poor example, imo. Know what own!