Turbine Aviation Inc (TURA)

[eMailEdL]

I've been around here since april. I read every post. If this company purchased a shell to list, ask yourself this... why would they buy a shell and retain only 50% (about, and less after a capital raise) ownership after the share exchange when they can go public with a form 10, say and keep all of it. (less a capital raise) The answer is simple. 1. the shell route is much cheaper and 2, they can reverse and issue shares to whom ever they want and get their % ownership back. It's the only logical corse.

I've invested in many PIPE's. Most were shell deals and EVERY shell deal did a reverse. The reason... Because after the PIPE, on a fully diluted basis, if the shell was not reversed, the principals would end up controlling much less of a % than they desired. And looking at the L2 now, this is the closest it looked to this scenario in a long time. I'm holding a lot of stock, never sold all they up to the 6's. and for the first time after all the fantastic DD on the board, I'm nervous.

Good luck GLGT. I hope I'm wrong!!!!!