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Re: TMilzSr post# 12202

Tuesday, 02/27/2018 8:50:14 PM

Tuesday, February 27, 2018 8:50:14 PM

Post# of 13668
Snax covered much of what I wish to say, but for clarity, the financing Harvey was looking for was $27M, which I would assume to cover marketing and expansion costs. The shell itself I'd guess would cost a few hundred thousand(maybe more, maybe less) and would guess Harvey sold the company for a few million. According to the unaudited disclosure filing from this Sunday, the assets alone, without profit made on sale(or anything else factored in) were $938,010, plus over a quarter million in net losses from 2016 and 2017 alone(not to mention time spent designing and laboring over the technology). And while I have not looked into it, seeing as there are many roads to Rome, Linghang might deem it more efficient or even cost effective to buy an otc shell and uplist rather than incur the cost of a formal IPO. If per say, they wish to go public, but do not care so much the exchange, you have companies such as Addidas on OTCQX trading around $110 per share: https://www.otcmarkets.com/stock/ADDYY/quote?utm_source=unbounce&utm_medium=unbounce&utm_campaign=OTCQX%20Best%2050%20Landing%20Page All said, we can guess and conjecture and punch holes in scenarios until we are blue in the face, but the truth comes out when Linghang files the necessary documents and disseminates information via press releases. My apologies for the lack of clarity regarding the $27M.