Back during the first dot-com boom in the late 90s, these were called reverse mergers, and usually involved penny stocks. Before the internet came along, most

Back during the first dot-com boom in the late 90s, these were called reverse mergers, and usually involved penny stocks. Before the internet came along, most were deals in the gold mining space. One of these reverse mergers acquired one of my sites. The whole company had 4 employees, no revenue and had a market cap of over $200 million which was huge at the time.