Ecology Coatings Files For APO

Ecology Coatings are planning to go public this summer, via an “Alternative Public Offering” or APO. This involves backing into a publicly listed but defunct company – in this case Ecology Coatings “will become a wholly owned subsidiary of OCIS Corp., a 5-year-old Nevada warehouse equipment company that has no operations and few assets”.

Why not do an IPO? Well an APO is cheaper, avoids the embarrassment of having no takers for your stock, and allows you to spend all the money you save on the IPO on press releases trying to bump up your stock price.

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