What is important in the public shell?
First, you want to know that the shell is a clean public shell — without liabilities, hidden costs, threatened lawsuits, undisclosed warrants or stock options that could come to haunt you after you put your company in the shell. You must do good due diligence on the shell. Next, you want to know all about the capitalization of the company, its corporate charter, by-laws, and other legal matters.
