InvestorsHub Logo
Followers 24
Posts 1885
Boards Moderated 0
Alias Born 03/07/2014

Re: None

Thursday, 04/24/2014 6:25:16 PM

Thursday, April 24, 2014 6:25:16 PM

Post# of 71458
It is difficult to understand that the mechanics of a private company gaining control of a public company is without some procedural steps having to be satisfied along the way

public shell------Worthington

private company---American Dynamic Resources, Inc.

Reverse merger to combine the two entities

to me, Worthington had to be a public shell for SEC in order for the transaction to be completed

The shell issues a substantial majority of its shares and the board of director control over to the shareholders of the private company....

The private company shareholders pay for the shell and contribute their shares to the shell company

The private company is now public

There has been massive volume in the past 4 days amounting to about 305M shares

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.