Dan,
Forgive me, but I just think you need a clearer understanding on a lot of issues surrounding shells.
>>>>We are looking for a stock that is not in any debt or lawsuits<<<<
Shells are companies that are now OUT OF BUSINESS. Most of the time they just didn't make it. When companies run out of money there is usually debt involved. Very few (if any) choose to pay off all their debt before going out of business. :o)
As for lawsuits, the risk is from POTENTIAL lawsuits not just current ones. Since corporations are perpetual until dissolved, a new company merging into the shell can be hit with a lawsuit based on the activities of the old company. Even though the new company is probably in an entirely different industry and has none of the old company's management involved, they can STILL be served a lawsuit based on something they had nothing to do with, because the merger into the old company makes them one in the same as far as corporate law is concerned. Your later post about saying - so, what, a couple of guys are in jail, they must have new workers, etc., or something like that - clearly show that you do not understand how corporations are treated as individuals, separate entities - THAT LIABILITY ONLY GOES AWAY WITH TIME. As for "workers" - shells don't have workers!!!
>>>>we will look for fields in which big companies are in who may be interested in buying the company<<<<
This statement scares me because now I'm sure that you're into something you plainly don't understand. Shells are hardly ever bought by companies in the same industry. Those 'big' companies are usually public already anyway, so what interest do they have in a shell? The industry DOESN'T MATTER AT ALL. A high tech private company could buy a dog food public company if it wants the mechanism to become public. They are buying that mechanism, not the old company's industry and/or credibility/history. I suggest you look at how the shell game works!
>>>>I will also call the companies( If I can get the phone #) as soon as I can<<<<
Again, good luck. The holders of shells can very rarely be contacted at old company numbers. |
