Archive for November 22nd, 2008
Tip of the Week: Inappropriate Expenses and Compensation for Shells
By David Feldman at 22 November, 2008, 8:25 am
Public shells may engage in activities that seem commonplace and appropriate for operating companies, including compensating management, hiring public relations firms, paying rent for office space, issuing press releases that disclose important events, and raising money to cover all these expenses. These are innocuous activities for a public company. But if a shell company (assuming it is not a SPAC) is engaging in them, it is a sign that someone without the highest integrity is in charge.
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