Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ShellStockReview -- Ignore unavailable to you. Want to Upgrade?

To: caly who wrote (176)	2/8/2007 5:05:57 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 183

Jane, If a private company buys all of the stock of a public company and takes it private, that ends the public status of the company. If it wanted to go public again, it would have to start from scratch. You have probably noticed that a lot of companies that were previously taken private by private equity groups are now going public again. If the private company buys only a portion of the public company, it will remain a "public" entity, even if it ceases to file reports with the SEC. As you correctly note, if the company ceases to file reports with the SEC, it drops to the pink sheets. If the company subsequently becomes current in its filings, it can move off of the pinks. That may not be the question you are asking. A private company can buy the assets, though not the stock, of a company, essentially emptying the company and turning it into a shell. If the shell ceases filing reports with the SEC and drops to the pink, can it be resurrected? The answer is yes. The fact that a shell is a "public" entity, whether it is current in its filings or not, gives it some value. There are hundreds of shells available for reverse mergers. Regards, Glenn

To: caly who wrote (176)	2/9/2007 4:28:02 PM
From: HEXonX	Respond to of 183

This from another board: By: the777 08 Feb 2007, 01:14 PM EST Msg. 539 of 541 Jump to msg. # Might want to keep this shell on your port radar: XEG-Billionaire Phillip Frost, M.D. to take over majority control EXEG currently is a shell stock that has approximately $9 million on hand The deal has been in the works since 8/2006 and already has SEC approval, and today is being voted on by the shareholders Phillip Frost and company will be buying 51%, controlling interest, for approximately $9 million, giving EXEG a total of $18 million on hand There are currently 17 million shares, and Frost and company will acquire 19 million, for a total of approximately 36 million shares outstanding. Current shareholders keep all of their shares, no R/s or 5% ownership pinksheets.com. Phillip Frost, M.D. Phillip Frost, age 70, is the vice chairman of the board of directors of Teva Pharmaceutical Industries Limited. He served as chairman of the board of directors and chief executive officer of IVAX Corporation from 1987 to 2006, when it was acquired by Teva Pharmaceutical Industries Limited. He served as president of IVAX Corporation from July 1991 until January 1995. He was the chairman of the Department of Dermatology at Mt. Sinai Medical Center of Greater Miami, Miami Beach, Florida from 1972 to 1990. Dr. Frost was chairman of the board of directors of Key Pharmaceuticals, Inc. from 1972 to 1986. He also served as chairman of the board of directors of IVAX Diagnostics, Inc. (diagnostic reagent kits), a subsidiary of IVAX Corporation from 2001 to 2006. He is a director of Northrop Grumman Corporation (aerospace), Continucare Corporation (healthcare), Castle Brands, Inc. (spirits), Cellular Technical Services, Inc. (telecommunications) and chairman of the board of directors of Ladenburg Thalmann Financial Services Inc. (securities brokerage). He is on the Board of Regents of the Smithsonian Institution, a member of the Board of Trustees of the University of Miami and co-vice chairman of the Board of Governors of the American Stock Exchange. Some web sites about him, many more on Google: forbes.com miami.com highbeam.com redorbit.com This is what happens when he takes control: ORTX-Bought this shell 12/2005, went up 2500% in 1 week and held 2000% DRMN-Bought 15% of OS 11/2006, went up 250% and held