Time for Zenergy to fess up to the deeds it did when taking over the shell of Paradigm.
When Zenergy merged (OR ACQUIRED) PTPC, it Acquired the total of that company - shares, shareholders, assets, liabilities. Zenergy IS Paradigm. That's why Zenergy is a Delaware Corp and not a Nevada Corp any longer. Paradigm was the Delaware Corp Zenergy bacame. Forget all this - only trading a week or so stuff.
"In a reverse merger, an operating Private company merges with a public company that has little or no assets, nor known liabilities (the "shell"). In some rare instances, the shell may have some amount of cash remaining for investment into the new enterprise. The public corporation is called a "shell" since all that exists of the original company is its corporate shell structure and shareholders. The private company owners obtain the majority of the shell corporation's stock (usually 90-95%) through a new issue of stock for the private enterprise or asset.
The public corporation will normally change its name to the private company's name and elect a new Board of Directors which will appoint the officers. The public corporation will usually have a base of shareholders sufficient to meet the 300 shareholder requirement for eventual admission to quotation on the NASDAQ Small Cap Market or American Stock Exchange (if the private company's financial condition substantiates other NASDAQ or AMEX requirements), although some shells have as few as 35-50 shareholders, and are currently listed (or can apply for listing) on the OTC Bulletin Board or the NQB Pink Sheets."
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