Honest OTC Investments

[jet101]

ACPW possible clean shell and merger, opinions wanted please.

Looks like they want to try to sell main company and come out with a clean shell to merge into another business.

Couple of quick highlights from the proxy statement just filed last week: 

Value: The fact that Buyer is assuming substantially all of Active Powers existing liabilities, including all bank debt, and the retained assets in the acquisition, including a portfolio of patents that are not related to the acquired business, allows Active Power to pursue another business strategy. 

On September 21, 2016, we received a non-binding term sheet from a potential investor in Active Power regarding a proposal for Active Power to acquire an existing profitable operating company. The transactions described in the non-binding term sheet were contingent upon, among other things, Active Power selling all assets related to our historical business in the acquisition or another transaction and terminating our reporting obligations under the Exchange Act. 

http://ih.advfn.com/p.php?pid=nmona&article=72594005