Freeze Tag Inc (FRZT)

[SooS416]

Why would the company be valued at $70M which is what market cap would be at $1 PPS? At $2 your talking $140M valuation based on a cbined entity that will do less than $2M in revenues and not be profitable.

That is just not reasonable particularly with the debt load and the need for further toxic financing to fund operations as has been stated by the company.

This toxic split was done to allow more room for toxic debt to convert as was stated in the filings, if it was just about the merger they could have made it work without a spit if they wanted to, but to deal with current and future debt they needed to split or this would fester at no bid.