Friday, October 17, 2014 8:25:32 AM
They (GGCC) are just buying the rights and accepting the liabilities from the former shell company (CCRY). That alone is good news for ARTR shareholders. This means there can be no repercussions from any liabilities that was previouly held by CCRY...
There is always a cloud over these type of deals when the new company (ARTR)uses a Name and Symbol (CCRY) to go public...
Even at $13.75k, this is good news for us... It means the company has plans and it getting past liabilities cleared before they proceed to the next phase of expansion. You usually see this when a company is in talks to merge or form a patnership, the target company will insist that all old liabilities are cleared or settled.
It will be interesting to see which one this is... There was no reason to do this unless something else was in the planning stage...
GLTA
It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society.
Ron Lewis
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