Will Radient and Will spin off AMDL Diagnostics Inc. and reverse merge GCDX to Uni-Pharma for Uni-'s merger into eWellness Blank Check? Stay tuned for ALL the upcoming developments you understand....Wolf
eWELLNESS HEALTHCARE Corp CIK#: 0001550020 (see all company filings) SIC: 6770 - BLANK CHECKS
State location: AZ | State of Inc.: NV | Fiscal Year End: 1231
formerly: Dignyte, Inc. (filings through 2014-04-14)
Is this the Blank Check" that Uni-Pharma along with AMDL Diagnostics Inc. and or GCDX will merge into...
A blank-check company is a development-stage company that either does not have an established business plan or its business plan is based around a merger or acquisition with another company or companies.
Blank-check companies generally are speculative and often fall under what the Securities and Exchange Commission (SEC) defines as "penny stocks", or speculative securities that trade for fewer than $5 per share.
A popular type of blank-check company is a special purpose acquisition corporation (SPAC). The founder of a SPAC pools money from investors and he or she may contribute to the SPAC to form a blank-check company with the sole purpose of acquiring another company or companies.
Investors do not have knowledge of how their money will be spent, so they issue blank checks to the SPAC. In turn, the SPAC must receive shareholder approval for all acquisitions and 80% of investor funds must be used in any single deal. If the SPAC fails to find a shareholder-approved deal within two years of creation, it is liquidated and the SPAC's founder loses the investment. Blank-check companies present investors with an alternative similar to private equity.
RADIENT RESTRUCTURED BY A PLANNED REVERSE MERGER
Checkout my next post on how Provista Diagnostics Inc. will reverse merge with Radient Pharmaceuticals Corp according to the Letter of intent...LOI of 2010..After the merger we will be dropping the Radient name ..It will be replaced with Provista you understand...
Keep on hitting these previous I-Hub Links..There is a surprise at the end you understand..It is the "Wolf Code"..Here is the latest..
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