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Pastimes : Georgia Bard's Corner

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To: Crossy who wrote (1108)5/1/1998 3:25:00 PM
From: Ga Bard  Read Replies (1) of 9440
 
Bankruptcy / shells ... Once liquidation and completely gone the shell still exists and is owned by someone. There is still a board or owners,. They can bring a new company in as a reverse meger. That is why you do not sell.

I believe the accounting stays in the shell. The shareholders own the shell. A 15c211 will have to be filed again once all market makers get off the shell. as long as one is on the shell it is considered active.

In depth accounting questions need to be ask to an accountant

GB
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