shell play, page-2

Shell, backdoor listing, reverse take over. All the same. Its not usually "cash". Existing holders will most likely not be bought out. Or that is a takeover(not a reverse take over).

Basically TDX will acquire a new project/company. Lets say TDX take over unlisted ABC. You issue TDX shares to ABC. All script offer. No cash.

Old TDX = X shares + Cash
New TDX = X shares + cash + more share used to acquire ABC.

Then consolidate, restructure and possible name change to ABC.

ABC has effectively taken over TDX(in reverse) and has gone from a private company to a listed company with certain benefits. Easier to sell out, liquidity, seek capital, etc. Easier than seeking a listing, prospectus, IPO, etc.

So now TDX holders will own ABC shares. You can make money because it is basically an IPO. Stag profits.