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Re: Bp12 post# 5711

Wednesday, 01/27/2016 9:10:30 PM

Wednesday, January 27, 2016 9:10:30 PM

Post# of 6417
In order for a company to acquire HippQ's sole remaining assets (i.e., the tax deferred NOLs) and make effective use of them, it would have to (1) be in a similar line of business (so as not to be seen as "shopping for NOLs" by the IRS); and (2) acquire a numerical majority of the issued and outstanding shares (i.e., roughly 75 Million in our case).

So how does a company "acquire" such shares when they are presently owned by many other shareholders?

There is only ONE way to do so: an offer to purchase those shares must be made to each of the remaining shareholders. This is typically done via brokerage firms by way of a written notice of a "tender offer".

THAT is what I'm presently --- and patiently --- waiting to receive.

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