Tuesday, January 9, 2018

The State of Canada's Capital Markets: Hundreds of "Zombie" Shell Companies


The state of your Vancouver Stock Exchange, "The TSX Venture Exchange has hundreds of "zombie" shells that can provide access to listings via reverse takeovers."

Thankfully, a lot of investors that were burned on the set up of these "hundreds" of companies will see a return out of their time wasted, their money wasted (on management teams paying themselves six-figure salaries) and will be pro

My hunch is that this is all going to blow up anyway (cryptocurrencies and marijuana industries).  So it may provide some temporary hope.  

Also, comforting to know that Canadians are paying people not in one but 13 different jurisdictions to "monitor" these zombie entities.  

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