Replies to post #146 on Cellular Biomedicine Group Inc (CBMG)

[pappi]

Isn't this to be the first actual share distribution among many announced?

pappi

[gamood]

"EastBridge Investment Group (EBIG) (OTC BB:EBIG.OB - News) today announced that it has signed a definitive agreement with Rhino Two Horns Sdn. Bhd, Malaysia for it to acquire General Farms Corp and assume effective control.

General Farms is a wholly owned subsidiary of EastBridge. A stock dividend of 5% of General Farm's common stock, or 10,000,000 shares, will be distributed to EastBridge's shareholders of record as of Nov 16, 2007. Under the terms of the share exchange agreement, the new stock ownership structure is: 15% owned by EastBridge and 5% owned by EastBridge's shareholders of record as of Nov 16, 2007. Rhino's beneficiaries will own the remaining 80%. The closing is expected to happen in ten working days." (DEC. 19th)

Let me get this straight..General Farms was 100% owned by EBIG and then sold to Two_Rhinos who in turn issued EBIG shareholders stock in their own company! What did Two-Rhinos give to EBIG for their 80% stake in General Farms?
Am I missing something here?