Company A which wants to go public, buys a shell worth nothing that is publicly trade for about $250,000 or less. Assumes all shares authorized and outstanding. Changes the name and tick symbol to what the new company wants and proceeds to trade publicly.

Very common for folks that need financing.

OWCP has done it very well. OWCP is very conservative IMHO with how they are financing research and future endeavors. Last traunch of financing didn't have anything to do with shares. Might be wrong there, but don't think so.

Very strong company in the long term. Hell I'm down 75% on 2 accounts and I am not worried at all.