Well if you are looking to buy an OTCBB company, you will likely be looking for a profile of an OTCBB company?
What does an OTCBB shell look like?
Formation: Nevada Corporation – incorporated in July 2006
Fully Reporting: Yes
Offering / Registration: Form SB-2
Authorized Shares: 75,000,000 common shares, par value $0.001
Warrants Out: None / Options Out: None
Current Cap Structure:
Common: 9,500,000 (fully issued and diluted)
Free : 500,000
Traded: NASD Bulletin Board
Quoted: BID / ASK Yes (not currently applicable)
Market Maker(s): Yes Wholesale: 1 / Retail: 0
Transfer Agent: yes
Legal Opinion(s): Yes (SB-2 and 15c211)
Current Fiscal Year: Dec 31
Good Standing: Yes / Current
Legal Problems: Past: None / Present: None
Assets: Less than $1,000.00
Liabilities: Less than $1,000.00 (forgivable)
Blue Sky Exempt: No Who? N/A
Audit Current: Yes
Number of Shareholders: Approximately 43
What does a company like this cost? $250,000 to $300,000 in the current down market.