Typically these shares are purchased from someone who already has purchased most of the outstanding stock and is offering to sell control of the shell corporation
Helped Pinochet set up offshore shell corporations
and open accounts in the names of those corporations to disguise his control of the accounts;
It assigned the Public Money Protection Committee to revisit the contract signed between Kuwait Petroleum Corporation and energy giant Shell Corporation
Once Medicare started paying the co-conspirators, Martin Tasis enlisted a family friend, Leoncio Alayon, to help him launder the proceeds of the fraud through a shell corporation
in Florida called Infinity Research Corp.
The Y has labeled Gemstone "a shell corporation
," noting that its address and the address of Ms.
publicly traded shell corporation
that combined with camouflage gear manufacturer American Apparel & Accessories Inc.
You assume it's going to be [leased by] a shell corporation
, but checking the credit history of another of their corporations would help," suggested Ray Tekosky, a restaurant specialist with Winick who works on behalf of building owners or the seller of the restaurant.
5 million common shares for 9 cents a share to TiNV1, a shell corporation
The companies generally retain the subsidiaries for several reasons: (1) the cost of liquidating the CFCs is prohibitive; (2) the liquidation of the company may take several years because of the complexities of foreign laws; (3) the shell corporation
may protect the corporate name in a given country; or (4) companies may keep "shelf corporations" in some countries (such as Thailand and Malaysia) in case business activities are resumed in that country in the future.
Chase ceased its prior specialty packaging business operations as of December 31, 1997, and since that time the Company's existence has been as a publicly traded development stage shell corporation
com published a report on Cellceutix, asserting that it is a shell corporation
, its science is demonstrably unviable, it is run by a management team with a history of shareholder value destruction, and its fair value is 96-99% lower than the current price.
a shell corporation
owned by Little Rock Internet pet supply retailer PetQuarters Inc.