Artificial Intelligence Technology Solutions Inc (AITX)

[hestheman]

Correct, which makes this reverse merger even better! A reverse merger can take place with either a shell (which most do) or a smaller operating, publically traded company. The publically traded vehicle does not need to be a shell. Also, like Heidi said.....it is all semantics. While on the surface it is actually the larger private company that is acquiring the smaller company or shell in order that they can be a publically traded company, the deal is structured accounting wise identifying the smaller company as the acquirer. Hence why they call it a reverse merger/acquisition. Here's the exciting part, The fact that OMVS is a fully reporting, smaller going concern company (as opposed to being a shell) means that once the merger closes, RAD can apply to uplist to Nasdaq right away if they want to! They will not have to wait for one year. http://securities-law-blog.com/2016/04/26/nasdaq-listing-requirements/ A reverse merger with a shell requires the combined entity to have a seasoning period of one year before applying to Nasdaq. I also believe RAD will meet Nasdaq's revenue requirements. V Hestheman