Because they are reporting public Companies, it is easier for merger Companies to discover outstanding liabilities, disputes with PCAOB auditors or pending lawsuits.
Historical records are available to meet SEC requirements for the filing of a registration statement
Bulletin Board Shells are far less susceptible to market manipulation.
It is far more difficult for Bulletin Board Companies to conceal beneficial ownership of key shareholders and other potentially fraudulent and unethical activities.
They are compliant with SEC Rule 15c2-11, making them piggyback qualified and ready to trade.