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Re: rsmman post# 18531

Saturday, 09/02/2017 12:19:38 PM

Saturday, September 02, 2017 12:19:38 PM

Post# of 54442
That sounds like recommended reading from GardenRose, here's what the reorganization reading says:

"An essential yet underutilized strategy for corporate cleanups, especially preceding any reverse merger is the reorganization pursuant to Section 251(g) of the Delaware General Corporation Law.

The Delaware Section 251(g) reorganization eliminates liabilities and potential liabilities from the new public company corporate structure. The Securities and Exchange Commission has ruled on multiple occasions, in no action letters that the newly formed company, without the baggage, is the successor issuer and the predecessor issuer is the subsidiary."

...........................

GardenRose told you folks the same thing but earlier than Rossi, she even used the same word baggage:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=134337528
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