The involvement of operating company directors their companies' strategies takes three forms:
Our operating company CEOs are chosen primarily for their entrepreneurial attitudes and abilities.
We have phone meetings every Monday morning with every operating company
president sitting in his office with a screen that we control here that looks at the forecast for the operating company
for the month, updated every week.
Therefore, the purchase of a shell and subsequent merger of an operating company into that shell do not provide the means for a company to sell publicly its stock.
if the financial officer is advising companies that are evaluating the acquisition of an operating company that used the shell-company process, he should exercise extreme caution.