Artificial Intelligence Technology Solutions Inc (AITX)

[sonofgodzilla]

lesnshawn... thanks for stopping by here and I appreciate you drilling down as always into the 8K's on my behalf .

Now with that said lesnshawn, knowing you, you would probably say:

"I see a shell is absolutely required. A shell.

Is OMVS a shell?

I see it as a straight up acquisition.

I see the SHELL part of the equation as an absolute must.

I don't see a shell in this OMVS/RAD equation.

Therefore I don't see it as an RM. I see it as an aquisition, just as the 8K states it is.

Not like I've not been horribly wrong before, so...

Also, how is it known the F's won't be converted? No dilution?

Why then is RAD going public? Raising money is the only reason to go public. Where's the money coming from?

Series F's.

No way."

Well then I would say, A reverse merger does not have be with a shell (I consider a shell as having no business operations). Up to this point, OMVS had little to no business operations, but I do not know of any filings where they are registered with the SEC as a shell. It doesn't matter, really either way. It is not a straight up acquisition. In a reverse merger, even though it is the larger private company acquiring the smaller public company to gain access to the public markets......the smaller trading public company is actually deemed as the acquirer for IRS/Tax purposes. In every reverse merger it happens this way. The shares are restructured in so much as the private company receives control block of preferred shares from the public trading company. From the 8k.....Garett Parsons will remain as CEO of OMVS up until the transaction is completed. Steve Reinharz will continue to be CEO of RAD. Most likely we will see a name/symbol change shortly thereafter...

...here's one example of a similar one http://www.legalandcompliance.com/reverse-mergers/ this article also provides a good example of how the share structure deal works as well. The Series F (AKA First Preferred Shares) have priority over all other preferred and common shares. This is the control block. They will not convert and dilute these shares. Hope this helps... P.S. the smaller PUBCO (in this case OMVS) is always referred to in filings and what not, as the ACQUIRER (for tax purposes).