Simply Inc. (SIMPQ)

[Roger_c0]

I realize your message is directed at MP but on one point I wanted to chime in.

You asked "[w]ill IFON share get swallowed up by Cooltech after it goes public"?

The answer to that narrow question is "no". The merger agreement says when the deal closes all shares of Cooltech "shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist".

Unload if you see 0.53 and never look back. Might be smart. As you said, no one knows what Cooltech is worth until its financials are disclosed. As I explained though in an earlier post, the one thing (and maybe only thing) to IFON's credit is that in this reverse merger existing IFON shareholders and existing Cooltech shareholders will emerge holding the same shares. So Cooltech can't somehow swallow up IFON's share.

I've held IFON and wish I was out of it a couple of years ago when it was well over a dollar. It's become painfully obvious that IFON wasn't going to make money selling VK phones. Last year they talked about IoT devices, and then it was the software platform. We've seen neither. I hung around because the one asset IFON does have is its listing. Maybe they can parlay that into at least something. My question for anyone who's suddenly more disgusted now is what better thing were you expecting two weeks ago?