Let's say the soonest they can establish the business combination, A.K.A. Reverse Merger; and file the 10K (4 days after execution of the combination for blank check companies if I remember correctly) would likely be 3 months from now if they hustle.
From their 10K, filed 29 Dec:
No revs means the share issuance restriction is 12 months, not the standard 6 months for rev generating companies. I'd say it's probably closer to 18 to 21 months because, in my experience it takes a company typically 3 months to execute the combination from the publication of the letter of intent.
That gives us an absolute minimum of 15 months for any possible dilution, ahead what has already been issued and is outstanding. This SS is embroidered in GOLD.
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