Replies to post #893 on Zecco

[Yosako]

Because most of those unregistered companies aren't "companies" at all, but empty listed clean shells whose value is actually their listing.

While they have no value "on their own", once some real company purchases controlling stake on a shell to reverse merge onto it (a cheaper & faster alternative to an IPO), those who own shares of the shell are likely to make a killing.