I know firsthand that Amato's holding company is perfectly legal. I used to work for a company based out of San Diego called Tapestry Solutions. The President and VPs created a holding company. They bought the Metabolife building after they went out of business. This building was purchased by the holding company. Tapestry Solutions signed a lease with the holding company to operate out of this office space (it was really nice). A couple of years later, the President of Tapestry Solutions decided to sell the company to Boeing as a Wholly Owned Subsidiary. He sold simply because he wanted to open up more avenues of funding. Tapestry was already a $50+ million company per year, but the President wanted to take on new projects and required R&D money. He ensured that Tapestry would be a Wholly Owned Subsidiary in order to maintain the same corporate culture for the employees. I used to work for this company and saw it go from 60 employees to over 500 over 5 years. Tapestry is still a Wholly Owned Company and Boeing actually buys out smaller companies and rolls them into Tapestry. So relating this to EMF and $QEDN isn't so hard. They just need some time to deliver a product and report the results.
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