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Janice Shell
You realize, I hope, that an "APO" is just a reverse merger…
I see you're still citing Clinton Greyling. Why?
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To my understanding, a plain "Reverse merger" and an "APO" are two different things. I don't understand why it matters that a particular person is being cited either.
HOKIEHEAD in his post #9628 has explained it well and show's proof of my statement above:
"In a traditional reverse merger, anyone could simply buy a shell and go public whether or not they had sufficient financial performance to justify being a public company. With an APO, the investment bank would not raise capital for a company that it did not believe would be successful in the marketplace. This is why the APO has such a high success rate. The investment bank also brings research, trading and liquidity to the company’s stock after the transaction closes. Investment banks find the APO process appealing because they can receive the same fees and breakage for raising the capital as they do in an IPO in a much condensed period of time and to a significantly smaller number of investors."
There are also other references and on this board that explain what an APO is that doesn't cite "Greyling".
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Janice Shell
No. What's "in there" is three stickies about the same press release. There is no mention anywhere of an "investment bank".
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Post #9538 (which is also stickied) not only has the merger news, but related DD and supplemental links that elaborate on the merger details. Within the sticky are links that describe what an APO is, and within those links explain how an investment bank is involved. Please refer to post #9628.
