Not surprising at all, from the same article: "The Xhibit Corporation went public via a "reverse takeover" of a shell company in 2012. Earlier, in 2011, the in

Not surprising at all, from the same article: "The Xhibit Corporation went public via a "reverse takeover" of a shell company in 2012. Earlier, in 2011, the individuals behind the company acquired a shell company called NB Manufacturing for $350K, and voila, Xhibit was able to become a publicly traded company." "How does a company go from $350K valuation to $300MM in under two years? The answer is that if a security is fairly illiquid, the "price" is more or less arbitrary because people aren't really buying or selling many shares." So Xhibit buys a shell company to become publicly traded, drives up their stock price by taking advantage of minimal liquidity, then buys SkyMall with their inflated stock. Just surprising that SkyMall sold to them at all.