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Re: Moneyman9 post# 35743

Saturday, 01/03/2015 4:56:00 PM

Saturday, January 03, 2015 4:56:00 PM

Post# of 67758
Reverse mergers are not exactly "free".......

They're a poor man's way of going public as opposed to starting from scratch. Lawyers and accountants are still required in addition to various fees. The Sooum guys had no luck raising private funds last summer and it's obvious Clark Ortiz was essentially destitute. That's why he agreed to give up his SWRF shell.

Sooum has been trying to get going at least since 2013
http://www.tradekey.com/company/SoOum-Corp-8145115.html https://angel.co/sooum Before that they went by the name Estmar Global. Again, no go. Here's a post I made In November that's worth reading as it shows Sooum stock certificates still for sale on their website (since removed but still visible here) as of that day. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108615856

You'll also see where they claimed "Revenue projections in 2014 of >>$10,943,220<< (page 41 http://www.swrfowners.us/SOOUM-OfferingMemor.pdf ) I think it's safe to say they didn't get anywhere close to that. Frankly they're just pulling numbers out of thin air.

Lol they didn't pay anything for the merger.. which is one of the reasons why some private companies choose to merge with shells. They must have plenty of money if they are on LinkedIn requesting a large amount of different commoditie and if you look at their website, it shows what commodities they are looking to buy. Let's just wait for the 8k to be released..that will show us where this company is headed.


My "opinion" is as valid as your "hearsay"

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