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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: TraderGreg who wrote (953)	4/30/1998 2:26:00 AM
From: David Parkinson	Read Replies (2) \| Respond to of 9440

To the MEGH DD crew, You guys are great!!!! I'm still somewhat new at all this, but the way you guys dig up info is amazing. I'm learning and soon I will be a worthy contributor also. David

To: TraderGreg who wrote (953)	4/30/1998 8:46:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 9440

Shells ... We yes I think what it is is the shell buys the company with all the stock in the shell. I am not sure exactly how each deal is performed because I do not think any two are the same. Then they take over control of the shell. Sometimes it is cash, sometimes stock. smoetimes both, sometimes it is both doing both. Remember a private company has stock to. There is no specific way to do it except the cost savings of going into a shell over an IPO. Most of the time the shells have a stock structure that is quite appealling and already set up (underwritten) Each shell and reverse merger is different and you have to read the SEC filings to find out. Pay particular attention the the articles of merger. GB