Fortitude Group, Inc. (FRTD)

[seque]

Don't know about the asset sale. It would seem that it was rather an acquisition. The market cap of CSTD is $1mm and they are issuing $2mm shares of their stock to FRTD for the assets. Would appear that FRTD then will have control of CSTD, and be subject to consolidation. Doesn't the math suggest that FRTD owns 2/3 of CSTD? If the $2mm represents a minority position, that would suggest that the premium on the CSTD shares is tremendous, so likely would be out of the money, implying little value. And given the nature of the deal, why hasn't there been a CSTD filing? They seemingly just gave up control.