I’m using shell company to mean that it’s essentially an empty company with no line of business. Technically, they have one entity that they have sufficient ownership of to require consolidation (a payroll and HR outsourcing company (bookkeepers)). That very small company (four employees) accounts for all of the revenue and most likely all of the “operating expenses” of Entremetrix.

There is no way to determine whether that small company itself has a profit or loss (I’d guess they make a small profit). Entremetrix shows a loss in it’s consolidated statements because it adds it’s own expenses to those of the bookkeeping company.

You can see the shell game at work though if you read the quarterlies posted. “Entremetrix” was formerly a private company that “purchased” a large number of shares in the publicly traded company “Missouri River and Gold Germ Corp” (whatever they did, if anything). The purchase was just an exchange of MRGG stock for all the stock of the old Entremetrix. Voila, Entremetrix is suddenly a publicly traded company.

thanks!

Entremetrix has no business. It’s ostensibly a venture capital firm, but in reality, it’s a publicly traded shell company that had no holdings.

There are plenty of these ghost companies out there, that have sold off all of their original businesses, or never really had one at all.

The deal is this:

1. Shell company “merges” with or “purchases” MMA organization.
2. In the process, the shell company’s investors receive additional shares, warrants, or options.
3. Company uses the popularity of MMA and the perceived value of MMA to raise capital by selling shares either on the open market, or by trading shares on the private market to entities that the MMA entity owes money to.
4. Shell company’s investor/officers receive a healthy golden parachute package now that the MMA entity is flush with cash.
5. The former investor/officers exercise their warrants or options while the stock is running high on the merger announcements and immediately turn around to sell their shares to fools.

So, the MMA entity is able to become “publicly traded” without going through the scrutiny of an IPO, and is able to use paper that ostensibly represents ownership of the company to pay off it’s debts. The shell company’s management is able to get a nice payday.

Works out great for everyone except the people who are holding worthless shares in a company that will go bankrupt within five years.

or are they just Tedd Williams’ new money marks?

If you’re going on linear stuff, he never even had the belt.

Coleman –> Maurice –> Randy –> Inoue –> Kerr –> Fujita –> Coleman* –> Nog –> Fedor

Even if you wanted to count Colemans win over Fujita as a no contest, it would go:

Fujita –> Cro Cop –> Nog –> Fedor

Barnett is just eluding to the fact that Randy left UFC as champ, then when he came back, Barnett was his first lost. You can’t have it both ways on the linear stuff though.

That said, Barnett handles Randy again.

2nd fight was close. Had an out off shape josh not made a couple huge mistakes he could have eeked out a win.
Mirko wins by close descision

3rd fight Mirko wins by poking Josh in the eye with his finger.

Granted Mirko faught well against Josh twice, but it seems like Mirko got lucky on all these wins, unless hooking an arm with the crook of your knee and then falling to the floor, is something Mirko trains on.

Well, he lost the linear championship to Mirko, who lost it to Gonzaga, who lost it to Randy.

Actually, he lost it to Mirko, who lost it to Fedor.