Agreed. SHG's question is legitimate: why would a company making $2.5mil a year in revs sell for $1.5m? The answer is in the shares (400m) issued.
Now they're worth $40k - at par value .0005, when the deal was done, it's worth $200k.
A presentation must have been done to Blackfox before the acquisition about future plans and strategy, that obviously we're not privy to, that convinced them to sign the deal. Apparently they believe MMEG will go higher - much higher, and that they will make their money from those shares.
It doesn't seem like it now, what with the dilution and SS the way it is ... but apparently to Blackfox execs, it does.
Hoping & Holding
