Affärsvärlden issues sell ratings on Spotlight’s five reverse takeover companies. This is stated in a commentary on Wednesday. Just over a year ago, Spotlight introduced the possibility for empty shell companies to list. Since then, five companies of this type, which Spotlight calls RTOs, reverse takeovers, have listed on the trading venue. "The shares are valued at high premiums, while the companies behind all the RTO companies have, to put it mildly, questionable track records as investments," the newspaper writes.The five companies are HF Reverse, Public VC RTO1, Public VC RTO2, Hunter Capital RTO1 and Hunter Capital RTO2."Although we have not conducted an in-depth review of any of the five RTO companies, we have seen enough to issue sell ratings on all the shares," Affärsvärlden writes.