I think in the fact that pixel mags taking control of the shares can help in many ways :
If we are talking about up listings to Nasdaq market .. it will make total sense for pixel mags to control their own shares rather, go through the Chanel of SPCL ..
Think about it ..
-Pixel mags & SPCL merged
-Pixel is subsidiary of SPCL
However ,
- Pixel mags technically owns & controls SPCL .
Now ,
SPCL , owns the shares .
But ,
Pixel mags controls SPCL ..
R u still with me here ...
(Ok )
So .. let's think about it if pixel mags can own SPCL shares and controls it it will make much more sense from accounting and sec fillings and even think of the future accounting books or even for up-listing it will be more straight forward and less headaches.. or less complications.,
So from pixel mags future prospective it will be more logical to own their own shares rather than control their shares through another company.. even if they are r the same .
Also think about the future ..
If SPCL will be worth for example $1 in 1 year technically.. it's SPCL worth $1 and not pixel mags .. !!
Even if they r the same company . And even if the ticker will be called PIXEL .. based on the nature of this structure ( pixel being subsidiary) , technically they r part of SPCL and not owner of its shares directly ..
So what I am suggesting from corporation pint of view makes total sense .
Refernce 8k, theocratically pixel mags is still private company so those info could stay private until complete.
Gl
