Replies to post #27989 on Bourque Industries Inc (BORK)

[Bowser619]

Can’t wait for Johnny to lose his company and can’t wait to celebrate.

[mikeg2]

Thanks Rock , alot of info there, and one paragraph in particular caught my eye:

"Putting together a stable of shells for sale is not difficult. One method is for the shell purveyor or his or her associates to apply for custodianship of a dormant or inactive public shell in its state of domicile. Many dormant Pinks are Nevada companies, and so Nevada is a familiar choice for these fraudsters. All the would-be shell peddler need do is locate a Nevada public company that’s been abandoned or is inactive, and its corporate charter consequently revoked. The peddler would then purchase a few shares of stock and apply for custodianship on the grounds that he has a financial interest in the company and wishes to reinstate it for the “benefit of the shareholders”. His or her attorney will submit filings that supposedly demonstrate his probity and good intentions, and will pay the state $270 to file a legal action. After a few routine hearings, the custodianship will be granted by an unsuspecting Nevada judge. Though a few follow up filings are required, they rarely happen and when they do, the filings omit material information. At that point the new custodian will sell the shell to anyone interested."

Looks like this is the blueprint being used to try and gain custodianship of Bourque Industries, and then sell it to some other company trying to become public quickly on the OTC