Chief Executive Officer
This will not be the easiest site you have ever read. It is not about an easy subject.
Nowhere here will you find any statement to the effect that creative thinking — the active use of imagination — is an easy task.
Nor will you find any secret formulas or magic phrases that can produce million-dollar ideas for you.
In fact, if the writer occasionally makes a categorical statement that appears to be the answer, it was not intended that way. By its nature, creativity is infinite — there is always a better way and always a worse way.
Therefore, there are no real answers.
There are preferred ways, and apparently better ways. But not answers.
This was planned to do several things:
To help you develop an increased sensitivity to problems, needs, and opportunities in business.
To build your knowledge of problem-solving procedures, and the aids to thinking more creatively.
By removing some of the "mystery" that has always clouded the subject of creativity, to help you to gain self-confidence in applying principles and using techniques that have helped others.
To explain some of the background that is necessary to create the kind of "climate" that will encourage more creative kinds of thinking on the part of associates and subordinates.
He has been the Managing Director of Beowulf Investments [http://home.earthlink.net/~beowulfinvestments/] since 1981 and is the Executive Director of the Global Village Investment Club [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestment
Non-Reporting Shells
By William Cate
Published January 1999
[http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]
Clean shells don't exist. Among the dirtiest of dirty shells are
non-reporting shells. A shell is a company that's trading but lacks assets.
Usually, the private company buys the shell and puts their business into
it. It rarely works out well for the private company.
As I read Section 5 of the 1933 U. S. Securities Act, the only
American stock that should be publicly traded are the shares of companies
reporting to the U. S. Securities and Exchange Commission (SEC). The
National Association of Securities Dealers (NASD) didn't share my view of
the need to be a reporting company to trade on the Over-the-Counter
Bulletin Board (OTCBB). In 1998, they changed their minds. In January 1999,
the NASD announced that they would be delisting about 3,400 OTCBB companies that weren't reporting to the SEC. The delisting will start in July 1999. The companies will be delisted by trading symbol starting with AA. The last of the companies will be delisted in 2000.
The NASD advises that non-reporting companies can become
reporting companies by filing a Form 10SB with the SEC. It will cost the
non-reporting company over $100,000. I suspect that few non-reporting
applicants will get their Effective letters before they are delisted.
Applying the axiom that There's a sucker born every minute, an
industry developed to sell these worthless shells to unsuspecting private
companies. You can own your worthless non-reporting shell for only
US$150,000.
I interviewed one shell seller for a client. To my comment that the
shell company was facing delisting in August, his reply was, but there is
so much more you can do with a company about to be delisted.
My reply was what more can I do with a company that's about to be
delisted? There was a pause and then a click.
If you buy a non-reporting shell, you deserve the failure that will
certainly follow. There are a few things that can be done with
non-reporting shells. But these are options for market professionals, not
entrepreneurs building real companies.
To contact the author: Visit the Beowulf Investments website: [http://home.earthlink.net/~beowulfinvestments/] Or, visit the Global Village Investment Club Website:
[http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]
About the AuthorHe has been the Managing Director of Beowulf Investments [http://home.earthlink.net/~beowulfinvestments/] since 1981 and is the Executive Director of the Global Village Investment Club [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]
2c
http://www.aaarticles.com/article.php?id=7759
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Many executives have inherited or stumbled into their walnut-paneled offices.
Some hold their jobs because they have developed one specialization, but their hold is precarious because of their unwillingness to broaden their horizons of understanding.
Someone has said that "experience is the great teacher, but education is the short cut to avoid the wasteful process of trial and error learning."
You too could probably learn to become a senior executive by experience, but it is our hope that you may shorten your development time through some of the principles outlined here.
Experience is excellent—but it is also the name everyone gives to his mistakes.
DT.
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