This is where we aren't entirely sure about things:
So if this agreement between SPCL and PIXL is classified as an RM by SEC and NASDAQ, then the new entity must trade on the OTC for one year prior to uplisting.
However, this RM may technically not be an RM if SPCL was never technically a shell. In that case, it becomes a parent-subsidiary merger. In such, there is a time period that is occurring right now when both entities still exist (i.e., Solaris still has it's assets and Pixel has it's own assets).
I think this is not technically an RM, but we are in a strange period of time where management is trying to drain SPCL of the Solaris assets (by pawning them off to LEXG for whatever reasonable price or whatnot), so then Pixel can move it's assets into the SPCL shell.
This probably would have gone smoothly if ol Lenny Caprino would have just bought the remaining Solaris assets from SPCL (after Vert bought SPCL), like Vert probably expected him to do. But, Lenny probably found out that his PESA assets are darn near worthless and that he probably could have acquired more shares of SPCL (soon to be Pixel) and coast his way into retirement on the merger.
So luckily Vert found LEXG, who are drowning in debt and are willing to grasp any potential asset that can be further developed, to buy the Solaris assets off them, so then SPCL is empty and all can continue on hunky dory. Once Pixel moves in and changes the name, they can uplist very quickly (if this is indeed what is happening).
I've also explained this like 10 times, do you all just not read it or what?
Now you Dwyane me, now you Dwon't
AI
