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Business is About Making Money
Ask most people why they are in business and they will give you any number of reasons. Things such as wanting to improve the lives of others; make the world a better place; provide for their family; have more free time; the list goes on and on. ...
How Safe is Your Success? Part 8 of 8
"How Safe is Your Success" is a series of eight articles. Each article addresses a different aspect of a universal problem which is of particular importance to those who do business on-line. Most Internet users are at least aware there are dangers...
Sitcom Investing
A fickle stock market encourages good-humored mockery. Recently, as I watched the premiere of a sitcom, an obvious omission breached television etiquette. Silence followed every exaggerated comedic set-up. There was no laugh track. Where were the...
The Hawk and the Mouse - Retirement Saving
There once was a hawk, ferocious and swift. He was young and agile with many years of life to hunt the open ranch lands. In a nearby field, a mouse scurried about the ground. The hawk saw the hurried motion and swept speedily toward the rodent. ...
Which IRA Is Best For You?
An Ira is one of the greatest ways to save on taxes currently and accumulate money for the future. For individuals three types of IRA's will normally come under consideration. The Traditional or Regular IRA The Education IRA The Roth IRA ...
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OTCBB Shells
Over-the-Counter Bulletin Board (OTCBB) Shell Prices By William Cate Published July 1999 [http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]
You can't buy a clean public shell in North America. I doubt you can buy a clean shell anywhere in the World. I offer a startup spinoff service because your spunoff public company is clean. Also, the spinoff format allows me to arrange a European Million-Dollar Private Placement for your newly spunoff public company. My startup spinoff fee is equal to the retail price for an OTCBB shell. I offer a better deal. However, since most entrepreneurs think OTCBB shell and not spinoff, I'm not overwhelmed with clients. As noted above, [Spinoff Interest] I can't handle more than four startup spinoff clients a quarter. To date, I've never had four new clients in any quarter.
In 1998, the OTCBB shell price was US$125,000. In January 1999, the OTCBB shell price moved to US$150,000. The increase was explained by shell sellers "as expectation that the 3,400 non-reporting companies, being delisted from the OTCBB, would rush to buy OTCBB shells." The rush didn't happen. Most non-reporting companies are being delisted from the OTCBB, without a whimper. However, I moved my startup-spinoff fee to US$150,000. The attorney receives US$75,000, the auditor earns about US$15,000. Incidental expenses are about US$10,000. I'm paid US$50,000.
In the past two weeks, an experience OTCBB shell buyer appears to be offering US$350,000 for OTCBB shells. He's a stock broker, who has worked with shell buyers for over a decade as an agent. He should know the value of an OTCBB shell.
I'll contact several more professional shell sellers. I intend to confirm the doubling of the shell price before I adjust my startup-spinoff fee. Assuming the OTCBB shell price has gone to
US$350,000, I'll seek an explanation for the more than doubling of the OTCBB shell price, in the past six weeks. If the OTCBB shell price is now US$350,000, you can expect that I'll double my startup Spinoff/Private November 1, 1999. The reason that I added this article was to give you advance warning of the probable increase in costs of doing a startup spinoff with me. If you have any interest in doing a startup spinoff with me, I strongly advise you to arrange a fee consultation with me this month. Otherwise expect to pay more if you wait until November.
After confirming the higher retail shell price, I'll advise EFHC (EFHLF) to adjust their fees upward to reflect the higher retail OTCBB shell price. If you are thinking about raising US$10 million for your operating company, you should meet with EFHC and its attorney this month. Clients don't always take my advice. However, delay risks higher costs for operating companies seeking the US$10 million from EFHC.
If you know OTCBB shell sellers, please contact them. If you can check on OTCBB shell prices, I'd appreciate an email on the results of your query. Ask your shell sellers about the price of a clean OTCBB shell with over 80% insider control. You want to know the retail price and selling terms. As I understand the US$350,000 offer, it's a cash payment, without terms payment.
To contact the author: Visit the Beowulf Investments website: [http://home.earthlink.net/~beowulfinvestments/] Or, visit the Global Village Investment Club Website: [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]
About the Author
He has been the Managing Director of Beowulf Investments [http://home.earthlink.net/~beowulfinvestments/] since 1981 and is the Executive Director of the Global Village Investment Club [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]
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Finance - Leases-Leasing Ezine Articles |
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By David Springer | On January 29, 2006 | In Leases-Leasing | Rated. Short on cash, but need equipment? Consider leasing what you need. ... |
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It takes two companies to bring you the premier Corporate Property Development group in Northeast Ohio: the talents of John Dellagnese and Associates ... |
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