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Reverse shell merger

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Reverse shell merger
Acquisition of a publically listed shell company by a privately held company effectively making itself publically listed. Also see Going public through the backdoor..


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The dividend involves a total of 878,000 BarPoint shares and was agreed to at the time of a decision to combine Harmat with BarPoint in a reverse shell merger that became effective on June 3.
OTC Bulletin Board: BPNT), developer of a revolutionary new way of using the Internet to deliver product and comparative pricing information to consumers, today paid a dividend of 878,770 common shares to former owners of The Harmat Organization, which combined with BarPoint in a reverse shell merger on June 3.
 
 
 
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