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Saturday, November 16, 2013 2:55:53 PM
Using the simplest form of analogy, a reverse merger is like a guppy swallowing a whale. After the guppy digests the whale, it still looks like a guppy on the outside, but is now a whale on the inside. In corporate terms, this is accomplished through the purchase and/or exchange of equity securities. The following illustrate the basic premise of a reverse merger transaction:
A private operating company (the whale) wishes to go public via a reverse merger. The private company is owned by its original founders and has ongoing business operations.
PRIVATE COMPANY
3 shareholders (original founders)
Has assets, liabilities, revenues and ongoing operations
Desires to be publicly traded..."
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Novacab is a Blue Whale! Killer Whale!...Finback Whale!
- Go SBRHD
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