ML Capital Group Inc. (MLCG)

[PRmaniac]

Maybe, but it is only a letter of intent to acquire a controlling interest in those two related companies.
They aren't talking about buying even 1 share of the common stock. Even if they were to buy 100% of the common shares, they would still not own a controlling interest. The only way they can get a controlling interest is to buy the special 51% voting preferred shares, owned by the one entity in each case.

Some thought "buyout" of their shares after the initial announcement, but they could never get controlling interest that way. Some of my posts on those boards discuss this, with info from their financials that support it.

Note that Spanish Peaks is actually a private company (not publicly-traded). Their (MLCG) hype indicates they would acquire Spanish peaks as a publicly-traded company. There is no evidence they are even trying to make it a public company, so I wouldn't get my hopes up too high.

Great question, though.

MLCG is actually Explore Inc., and info about this company (MLCG) can be found by searching under that name (or MLCG's CEO's name at the Nevada Secretary of State business entity search website. Apparently they haven't gone through the process for a formal name change with FINRA, yet. Not sure why.