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Gold/Mining/Energy : L S Capital / Griffin Gold (OTC:BB CHIP) -- Ignore unavailable to you. Want to Upgrade?


To: Ron who wrote (3262)3/16/1999 11:03:00 PM
From: Chuca Marsh  Respond to of 3594
 
Ron, you know I started out in insurance, don't you? So, I made an asset out of a liability:( your point brought home here via the airbill there, I do hope!)
<<..Henry, it costs time, effort and dollars to clean a shell up. Most that are behind in their reporting also have skeletons in the closet that you only find when you spend the money. Old shareholders come out of the woodwork too with all kinds of surprises including lawsuits, and seldom is there liability insurance for the takeover guys. Good clean shells with a reasonable price tag are not easy to find. In fact, even dirty ones aren't cheap.
CHIPS value is that it is probably almost current, and is looking for activities with value. So bringing new ventures in is satisfying to existing shareholders as well as beneficial to the new business and its principles. There is little that the new guys have to put up other then their business, and that's usually all they have...no $$$.
Several of your DDs friends and neighbors are always on the lookout for shells...>>
I just ran it thru the spell check, you got two word wrong, it is fun to talk this way...assets and liaibilities arn't cheap, either. LOL ( laught hard, live wise! You always do!)
Chuca( It's a compliment on your reasoning skills- not the spelling so hey, I should talk!) ( 2 vs 22 or so for me usually! )