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Article: Holographic imaging firm finds going public can be a wild ride; Reverse merger takes strange turns.(Intrepid World Communications Corp., MangaPets Inc.)
- Article from:
- Crain's Detroit Business
- Article date:
- June 11, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tom Henderson
Jim Fischback's recent effort to take his Birmingham-based hologram-imaging company, Intrepid World Communications Corp., public through a reverse merger with a Vancouver company is a tale of Japanese cartoon porn, online British gaming and dashed expectations.
Fischback said he'd been looking for what is referred to as a clean shell - a public company without legal or financial liabilities that for one reason or another has ceased operations.
Last November he thought he'd found just what he was looking for in MangaPets Inc., a company incorporated in Delaware and based in Vancouver that over the years had morphed under a ...