"Often they are speculated to have value as a shell company for other companies looking to become traded entities. UPZS was one such case in the beginning. I don't remember the exact number but I think they purchased it for around $350K."
PA - the true insult would be if these guys benefitted again by selling the shell to another company and getting yet another windfall. A big question though - JV took shareholders money and bought the shell for CSVG initially. But instead of the company being owned corporately, ownership was placed in his name personally. Shouldn't the shareholders be the ones to benefit from any proceeds from the sale of stock and and shell? Is it legal for someone to use shareholders money to buy a business,, then put it in your name. It goes back to the idea that while the Vowlers positioned the company as being public, it was always run as a privately held family business - much like Adelphia Corp and the Rigas family. IMO
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