Replies to post #695 on Tanke Biosciences Corp (TNBI)

[skichic]

Tanke, doesn’t need money to be merged into, I don’t think you understand the process. Shells don’t have money, their value is in the fact they are a clean shell, which implies they have no debt or money, the merging company acquires the shell and then generally issues itself preferred shares or restricted common shares of the shell, puts their business into the shell and thus becomes a publicly traded company. Also known as a SPAC.