Simply Inc. (SIMPQ)

[SpencerTracy]

Cooltech, desperately, wanted to become a public company; hence the reverse merger with Infosonics which is losing $2M-3M/yr going forward. I think, verykool business will cease to exist in a year or so and it will be all Cooltech after that! The new company basically will have a total of 86M shares (62.5+14.5+9.7...), a lot of dilution for the share holders!
The merged company will have to bear: $1M merger cost, employment agreement with Joe & Vern, Severence pay for Other 20 people of verykool, lease of the two places (SD, Miami), etc. Infosonics working capital of $9.1M (as of last Q) may, in reality, become $5M.....

Come Oct 30, the RS is likely! Don't know what it will do to the SP!

@ 50c, Cooltech (veykool is nonexistant) needs to be a more than $43M company. Is it? Will it be? I don't know!

Best of luck to the sellers/buyers of IFON stock!