Replies to post #28659 on Pharm Control Ltd. (fka PMCL)

[ost2007]

Yes, they could sell stock in a non-existent company. Check on old posts on the "ilgy" board inre Dave Watson.

BUT, it is common for new companies to do "reverse" mergers with defunct companues but existing company structures e.g., existing symbols and registrations/incorporations. Its an oxymoron, but it speeds up coming to market immensely. Then six months down the road they simply change their names, like Pharm COntrol Ltd. is now doing.

Check mglg. Magellan Energy Ltd. New.

HTe problem that I have is that the new company has 1 billion authorized shares. That's usually a tip off that things are not hunky dory. But if it trades in numerous international markets, that may be explainable.

REGARDS