Wednesday, October 22, 2014 11:04:39 PM
This part in particular doesn't make any logical sense at all to me.. and is the least practical business decision I've ever heard.. but I don't know the source of where this came from so I can't really say much about it.
So why are they acquiring STS to make them a subsidiary? Well, because the STS management believes that this is the best they can do to try to make things right with the previous SEVM situation. They actually could have moved forward without looking back as I have seen what many other companies had done. They deemed it fair to acquire SEVM, or the majority stake, to help those STS shareholders that had suffered from the previous ”actual ownership” to be brought along for the growth that they believe they will be experiencing with STS. This allows those shareholders that bought SEVM to be part of their original intentions of growth from STS. By purchasing the controlling interest, they could bring STS under their controlled entity (EVRM) as a subsidiary to experience growth from news they could then release upon purchasing the controlling interest. As per EVRM’s last PR, that is in the process of being completed.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM