Replies to post #20276 on Premier Investment Properties, Inc (PIPI)

[Cassandra]

Exactly. PIPI (fka ANWM) is already in the same situation as the 379 shells suspended today -- Grey Market / Caveat Emptor.

PIPI isn't really trading. Since it changed its name and CUSIP, the history shows only one transaction of 10,000 shares at $.03 a whopping $300 buy.

The existence of empty shell companies can be a financial boon to stock manipulators who will pay as much as $750,000 to assume control of the company in order to pump and dump the stock for illegal proceeds to the detriment of investors. But with this trading suspension's obligation to provide updated financial information, these shell companies have been rendered essentially worthless and useless to scam artists.

http://www.sec.gov/news/press/2012/2012-91.htm

Well, a creative fraudster could try to get shareholders of a suspended shell to buy illegally offered unregistered non-exempt private placement shares that the buyers are unlikely to ever be able to sell.