Man, I'm sure you have a semi-decent point somewhere but I seriously can't get past reading a sentence of your argument. I start reading and all of a sudden start imaging what its like owning 20 million shares and selling before this hit a penny. I'm overcometh with grief. ;)
There is a reason for everything! Michael T. Williams has some great publications that really relate to this Merger. Richard Oravec (Pivo) has had lots of cooperation with this man! Very interesting to watch how this will unfold.
You just haven't read the DD or done any of your own. If you had, you would know that the company doesn't want any of their business dealings tied to this old shell. They are waiting for the ticker symbol change and then they will release their PRs and the consolidated financials and BINGO!! But if you don't do your DD, then it stands to reason that you would believe this kind of stuff. Do your research.