The reverse merger and reverse split was in the filings back when JF was still alive. Do you have verified SEC documentation that it won't still take place ? Cause both SEC and Finra rules say until such docs are filed with them the R/S and reverse merger can take place at any time, without further notice.
The CEO of a company doesn't moonlight with a competitor unless he wants fired or it's not a competitor. That's what we need to find out. I you don't wish to do any DD that's your choice but please don't impede those who wish to find out.