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Old 06-08-2009, 06:06 PM   Nav to Top  #1
ShaggsTheStudd
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Default Strange company acquisitions to move up exchanges? (PSPM)

Today PSPM, a lighting company, made this extremely strange announcement:
PureSpectrum, Inc. Acquires Control of International Medical Staffing, Inc. This company seems 100% unrelated.

We are getting close to the time that PSPM has announced intentions to move up exchanges. The rumor is that PSPM is using this company as a shell company to move up from Pink Sheets to the OTC, via OTC:IMSG, as this is easier than jumping through the hoops to move PSPM up.

This seems plausible. PSPM has never done anything fishy like this "aquisition" that I can see in the past, so maybe there is some truth to this matter.

Looking for some opinions on this. Has anyone seen this strategy in the past, and/or have some comments?


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additional info:
recent filing for the bought out company: http://sec.gov/Archives/edgar/data/1...143388_10k.htm
This looks like a pretty cheap method - thoughts?

Last edited by ShaggsTheStudd; 06-08-2009 at 06:14 PM..
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