![](https://investorshub.advfn.com/uicon/314626.png?cb=1485173186)
Thursday, September 17, 2015 3:22:08 PM
If the current share structure were retained and the partner just purchased 28% of the 47% of shares owned by mCig leaving mCig with 19%, they would still technically have controlling interest by definition (>20% ownership), but they would still need Paul's agreement and some additional share votes to do an RS.
What's true in these examples is that Paul would probably know and have to agree to this plan in advance. I think that the most likely scenario would be the first one where a synergistic partner merges with VTCQ for the cost of additional VTCQ shares which then give it a majority ownership and allow the partner to become a public company. Whether Paul agrees or not will have more to do with whether he feels the resulting company will increase value for shareholders or not. Any subsequent reverse split decision would not impact the underlying value of those shares once a merger had taken place. Reverse splits (or any splits) by themselves are value neutral (the value of your investment is the same before and after the split).
I'm not saying that any of the above will happen. I'm only speculating on what's possible. Hope this clarifies things for you.
Les
Recent BTZI News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:00:04 PM
- Form C-AR - Annual Report • Edgar (US Regulatory) • 05/31/2024 02:50:06 PM
Alliance Creative Group (ACGX) Releases Q2 2024 Financial and Disclosure Report with an increase of over $130,000 in Net Income from Q2 2023 to Q2 2024 • ACGX • Aug 14, 2024 8:30 AM
Avant Technologies Unveils AI-Powered Healthcare Infrastructure to Deliver Intelligent Healthcare Solutions • AVAI • Aug 14, 2024 8:00 AM
SANUWAVE Announces Record Quarterly Revenues: Q2 FY2024 Financial Results • SNWV • Aug 13, 2024 7:11 AM
Kona Gold Beverages, Inc. Nears Completion of Reverse Merger with New Candidate • KGKG • Aug 12, 2024 10:00 AM
Maybacks Global Entertainment and DigiTrax Entertainment Sign Agreement to Broadcast "Karaoke Cloud" on iDreamCTV • AHRO • Aug 12, 2024 8:45 AM
HealthLynked Partners with RxSpark to Enhance Medication Access and Management for Patients • HLYK • Aug 12, 2024 8:00 AM