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baomike

05/11/13 2:07 PM

#5715 RE: Day-Dreamer #5694

Great time to buy more & cost avg down.


That strategy pursued to it's end will give you total ownership of the company.

Not Really: The people who run these things usually like to keep a controlling interest. i.e. they will sell 49% of the stock.
This allows for an easy method of cleaning the shell and doing it again.

Change the name, do a 1000 to one reverse split and away you go.
Issue a 100,000,000 shares (of the new stock) to a third party (usually in exchange for debt forgiveness) and you are off again on your way to riches.