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Microcap & Penny Stocks : LRSY Reporting shell looking for a business -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (30)	9/25/2000 10:55:53 PM
From: Jim Bishop	Respond to of 41

They always seem to be late, but always come through with the filing.

To: CIMA who wrote (30)	9/26/2000 2:44:31 AM
From: Jim Bishop	Respond to of 41

shellstockreview.com How to value a quality Shell Stock MAJOR CONSIDERATIONS VERIFIED SHELL COMPANY LOOKING FOR AN ACQUISITION: it should be actively looking for a reverse merger. Verification can come from SEC reports, news releases, or verbally from company management. EXPERIENCED MANAGEMENT: management must understand the mechanics of a reverse merger and know a good business opportunity. If management is not experienced, it is imperative they are working with an experienced consultant. SEC Reporting: it must report regularly to the SEC. This is known as a "reporting company." We want to be able to verify information about the company from public/legal filings . . . not by word of mouth or rumor. Believe it or not, there are public companies that are non-reporting. CLEAN: it has little or no debt, no pending law suites, and little or no outstanding convertible securities (preferred stock or warrants). We don't want anything that can complicate the reverse merger. SMALL NUMBER OF OUTSTANDING SHARES: the smaller the number of outstanding shares, the better. A smaller number of outstanding shares lessens the chance of a Reverse Stock Split. A Reverse Stock Split can lessen the chance of price appreciation. LOW MARKET VALUE: basically, this is the buy low sell high rule. A Shell Company with a low Market Value will have a greater chance of price appreciation than one with a high Market Value. (Market Value = price X shares outstanding). NOTE: the Shell List by Market Value sorts the Shell Companies from low to high Market Value. CASH ON HAND: some Shell Companies have cash remaining from their previous business endeavors. Having cash to fund the new company's business plan will attract high quality candidates. MINOR CONSIDERATIONS TAX LOSS CARRY FORWARD: the new company can offset future net income with the Shell Company's Tax Loss Carry Forward. EXCHANGE LISTED: it is better for the Shell Company to be listed on a stock exchange (NYSE, AMSE, NASDAQ, OTCBB). But, there are some quality Shell Companies that are trading on the Pink Sheets.