Public Company Ready For Reverse Merger
Location United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2008
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Description SEC Reporting Company.
This SPAC is a developmental stage company. It was formed for the purposes of engaging in a merger or acquisition with another company or person, i.e., a reverse merger. All books and records have recently (July 2008) been audited by a PCAOB member. The company's common stock is registered with the US Securities and Exchange Commission.
The company has an impeccable history insofar as it is recently formed and because it has never been an operational entity. Due diligence consists of inspecting the corporate filings with the Secretary of State to confirm the company's status and standing, and examining the corporation's single transaction - the founders' initial purchase of capital stock.
BENEFITS / ADVANTAGES
1. Increased / enhanced liquidity benefiting both current and future owners (stockholders) and adding to the investor or lender "attraction quotient," as a [future] exit strategy.
2. Affords post-reverse merger management the luxury of extending tangibly evidence of future liquidity on a private placement offering to accredited investors, while still retaining control, for strategic and tactical considerations.
3. Affordable with a higher relative value.
4. Simplified due diligence, only one transaction, the owner's opening capital contribution.
5. Non-operating entity; no risk of the proverbial "skeletons in the closet".
6. Simplified compliance with newly adopted Pink Sheet Exchange Voluntary Reporting Standards.
7. May be eligible for OTCBB or Pink Sheet Exchange listing (consult your attorney).
THIS IS NOT AN OFFER TO BUY OR SELL SECURITIES. THE INFORMATION PROVIDED HEREIN HAS BEEN PROVIDED BY OTHERS FOR INFORMATION PURPOSES ONLY AND IS SUBJECT TO CHANGE WITHOUT NOTICE. WE DO NOT GUARANTEE THE ACCURACY OF THIS INFORMATION AND DISCLAIM ANY OBLIGATION TO UPDATE SUCH INFORMATION. ANYONE INTERESTED IN THIS COMPANY MUST DO THEIR OWN DUE DILIGENCE. WE ENCOURAGE YOU TO SEEK LEGAL COUNSEL.
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