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Friday, March 17, 2017 3:07:03 PM
From McCusker:
ARTICLES OF MERGER FILED & COMPLETED OCEANIC RESEARCH & RECOVERY INC IS NOW MCCUSKER HOLDING CORP
Unfortunately, that is not the case, and not only because Tracy made a stupid typo.
If you recall, this was supposed to be a form of reverse triangular merger (in a typical RTM, the subsidiary is the surviving entity) involving three entities: McCusker Holding, Oceanic Research and Recovery (ORRV) and ORRV Acquisition, a new company that was to be formed.
I've been asking for some time now why ORRV Acquisition had not been formed in Nevada. Silly me; I didn't think to look for misspellings. "OORV Acquisition" was indeed created there on 27 February:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=1lQ%252bvn0%252fD2Io8J6hZCcgSQ%253d%253d&nt7=0
And it has, per the documents filed last Friday, merged with McCusker Holding Corp:
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=1lQ%252bvn0%252fD2Io8J6hZCcgSQ%253d%253d&CorpName=OORV+ACQUISITION+INC
The merger is also reflected on the "Entity Actions" page for McCusker Holding Corp:
But here's the problem: Oceanic Research and Recovery--ORRV the public company--does not come into any of this. It is nowhere referenced in the Articles of Merger filed last Friday and made available today:
http://www.otcmarkets.com/financialReportViewer?id=167934
So while there has indeed been a merger of McCusker Holding with OORV Acquisition, ORRV the public company has not merged with anything at all. It is still a separate entity. Its most recent entity action in Nevada was the raise in the authorized capital, not a merger:
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=9HcNUDCGhIiiZBCNj%252f3DWw%253d%253d&CorpName=OCEANIC+RESEARCH+%26+RECOVERY%2c+INC.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=9HcNUDCGhIiiZBCNj%252f3DWw%253d%253d&nt7=0
Back to the drawing board...
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