Thursday, September 11, 2014 9:29:30 AM
To openly make such a claim is baseless because we won't know until the end of the quarter, but if an incoming CEO agrees to the transfer of assets they will insist the liabilities that created those assets go with them as well.
Almost 95% or higher of all reverse mergers are completed with a zero/zero balance sheet meaning there are no assets and liabilities left in the company except for agreed upon items.
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