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Thursday, October 15, 2015 7:49:06 PM
Any business person knows its cheaper to reverse-merger than IPO especially if as stated that RMTD was in debt and Telogis did a private purchase of their assets to help settle their debt. So RMTD at this point should have litte or no debt at this time because they are operating as a shell company with very little or no day to day operations.
Telogis is a very profitable private company which appears to make good business decisions. Choosing whether to reverse-merger via RMTD on the OTC and save millions and join the many other large companies that reside on the exchange is a no brainer. Regardless of the negative belief that many investors have towards the OTC Exchange one has to remember that the OTC has many major companies that a large amount of people believe are on the major exchanges but reside on OTC.
The underwriter for Telogis if they were to IPO would more than likely be a major brokerage house which would cost a fortune. Why spend the money on a IPO when news alone of a reverse-merger Telogis into RMTD would send the stock into the stratosphere. There wouldn't be a investor who would not jump on purchasing the stock.
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