MedSmart Group Inc (MSGP)

[jacksonzz]

Questions for reverse merge expert:
I remember that I read somewhere that, for reverse merging, since old company is almost of no value, just a clean shell, the new company needs to buy at least 90~95% of the old company stocks, so in order to be successful for reverse merge, the 5~10% of the new company stocks plus the fund spent for the 90~95% of the old company stocks will be worth the value saved from the SEC registration and IPO processess for setting up a new company to trade on the market, is that right?

If this is true, besides the 3.1 billions of shares already bought by the new owner in April 2015, and the new owner has to buy back extra 2.9 ~ 3.3 billions of shares of the old company stocks in order to fulfill the general reverse merger principle between April 2015, and the date that the CEO has a new PR for the finish of reverse merging process.

I do not know how many shares are still float in the market, but from the trade volume dropping in recent days, I guess the new owner is probably very close to reach his goal, and the new PR date is probably very close to getting out of the door.