FROZ
Since then, I tried to do some research on the reverse merger and have not come to any conclusions yet. But it doesn't look like there is much VC's or old management wiggle room to manipulate the new company with large amounts of cheap shares. Most all for the OS increase is new management owned and/or restricted issued to redo old notes. I've only found 33 mil for new notes, since ownership transfer and calculations look like they were issued @ .02 per shares. Todays price. Can't find what happened to the 500 mil common registered @ .01 per share for management compensation. But it looks like that may have become class B convertible preferred to the old CEO. He and his old partner still have 46 mil each of pre merger common, and 9 mil by the old old owner, which is not restricted. And there was an old legal suite settled by new management, but can't find amount of shares issued for that $38k debit.
Ps; the new company has started the name change process and symbol change. It looks like a going concern taking the quicker/cheaper buy an empty shell way to open market funding for future growth. Legit but still needs to get into bed with the devil to get that funding. They had 1 old private note which transferred to FROZ for 175 mil of restricted under restructuring of the note for $660 k
Pre merger OS was 960 mil Mar 31st, post merger 3.9 bil, Apr 14. Of which 2.7 bil was to private company new management share holders. Their new management reported a total of 370 mil common between them.
For now it looks like there's a possible total of unrestricted common of 102 mil by old management, 33 mil by new VC funding @ 2 cents a share and 500 mil registered management compensation @ 1 cent per share, I can't account for and may not have been issued. Plus some small amount to settle a law suite unknown. With 370 mil new owners I doubt held to sell. Not very much power with 3.9 bil OS
I'm not thinking darkside there. We may have seen all the price action the past month and a half, leading to the closing of the deal.
AI
