Replies to post #8242 on Savoy Energy Corporation (SNVP)

[JC$]

Last time I spoke with the company, the gentleman I spoke with told me they still own/lease land.

[mm107]

whats the point? FOR A REVERSE MERGER.

a publicly traded shell is a ton of money ($300,000 - $500,000).

A shell with no audits, etc are cheap, but non reporting stocks cant do anything in terms of fund raising, etc.

Instead of a company going the IPO route and spending MILLIONS on the possibility the IPO is approved, you find a "shell" with a low share structure to basically "merge" together.

saving the new company $$ and at the same time bringing it public.

ART/CEO if its a merger, will step down and let the new company bring in their own BOD