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Re: djpm3 post# 3786

Wednesday, 02/14/2018 9:17:46 AM

Wednesday, February 14, 2018 9:17:46 AM

Post# of 32207
Could be a few months but probably more like a couple of weeks,,,IMO

In a reverse takeover, shareholders of the private company purchase control of the public shell company and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks.