From last 10q with assets of only $1216 and liabilities of almost $400k and with the merger pending till the end of March I dont see why they would merge into this All imho seems super risky to be buying here and better to wait until after merger is finalized.
"PRACO CORPORATION
CONDENSED BALANCE SHEETS
(UNAUDITED)
December 31,
2016 June 30,
2016
ASSETS
Current Assets
Cash $ 1,216 $ 29
Total Current Assets 1,216 29
TOTAL ASSETS $ 1,216 $ 29
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accounts payable and accured expenses $ 55,412 $ 14,119
Note payable 9,000 9,000
Notes payable - related parties 333,162 313,300
Total Current Liabilities 397,574 336,419 "
My post are for my entertainment only. I do not suggest or tell people when to buy or sell