Element Global Inc (ELGL)

[ThaiLove]

So I'm sure there are a few of you (like me) who have been wondering why would such a large company buy GBHD if they planned on changing the name, ticker & sell off all the existing assets?

My theory is that it probably cost them nothing, maybe even made a buck or two in the process. Even though they don't want the assets of GBHD, they did the auditing of them to see if GBHD was worth what they said it was, not for the purpose of figuring out if it was a good investment, but rather to determine if they could sell off the assets & recover their investment. So they'd be able to bring their private company public at no cost at all. That explanation makes a lot more sense to me.