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Triman

02/01/08 9:20 PM

#2536 RE: rockland2u #2535

shell logic 101

when a new company finds a shell it has to examen the financials to make sure no debt exists, no judgements are out there against the previous company, no other potential liabilities exist within the shell ie. oil wells,cleanup,taxes etc.

before the new company moves in all assets are removed including oil wells etc. (why would gsnh give away any thing of value to a new company)

companies can look for good shells for a long time. They are not easy to find.

hope this helps