Comments on: Chinese VoIP Company Acquired http://www.voip-sol.com/chinese-voip-company-acquired/ Voice over IP Solutions & Conferencing Reviews Fri, 22 Jan 2010 21:20:44 +0000 hourly 1 http://wordpress.org/?v= By: voipr http://www.voip-sol.com/chinese-voip-company-acquired/#comment-1302 voipr Wed, 24 Jan 2007 04:18:38 +0000 http://www.voip-sol.com/chinese-voip-company-acquired/#comment-1302 A reverse shell company (I think that's the terminology, though my memory fails) is esentially a company that is already listed on some stock exchange and is purchased by a non-public company to ease the "going public" process. It's completely legal, and in many cases, the shell is an old mining company that didn't do so well but has no capital for further projects. You can sometimes buy shells for $1,000, and they are purchased to do reverse mergers, as you mentioned. Usually, all the staff in the shell are replaced, unless they are relevant/ useful - essentially what you have mentioned about CVDT. A reverse shell company (I think that’s the terminology, though my memory fails) is esentially a company that is already listed on some stock exchange and is purchased by a non-public company to ease the “going public” process. It’s completely legal, and in many cases, the shell is an old mining company that didn’t do so well but has no capital for further projects.

You can sometimes buy shells for $1,000, and they are purchased to do reverse mergers, as you mentioned. Usually, all the staff in the shell are replaced, unless they are relevant/ useful – essentially what you have mentioned about
CVDT.

]]> By: Don Manies http://www.voip-sol.com/chinese-voip-company-acquired/#comment-1291 Don Manies Wed, 24 Jan 2007 00:05:24 +0000 http://www.voip-sol.com/chinese-voip-company-acquired/#comment-1291 I'm not sure what a reverse shell company is, but after reading a large portion of the documentation filed with the SEC on this "merger" CVDT is calling it a reverse merger and all of the top indivuals from the mining company have been removed and replaced by the officers of CVDT. The new officers seem to have pretty reputable backgrounds. Read it and let me know what you think. I’m not sure what a reverse shell company is, but after reading a large portion of the documentation filed with the SEC on this “merger” CVDT is calling it a reverse merger and all of the top indivuals from the mining company have been removed and replaced by the officers of CVDT. The new officers seem to have pretty reputable backgrounds. Read it and let me know what you think.

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