Al Capone's Vault

[TRAPPER JIM]

KRBF Form 10-12G out today. Looking for a merger candidate
https://backend.otcmarkets.com/otcapi/company/sec-filings/12597547/content/html
Sourcing of Potential Business Combination Targets

We plan to seek an acquisition through personal referrals including referrals from business acquaintances and friends of management. We also believe that the mere fact of the filing of this Registration Statement will attract private companies seeking for a clean, fully reporting and trading public shell company.

We believe our structure will make us an attractive business combination partner to target businesses. As an existing public company, we offer a target business an alternative to the traditional initial public offering through a merger or other business combination. In this situation, the owners of the target business would exchange their shares of stock in the target business for shares of our stock or for a combination of shares of our stock and cash, allowing us to tailor the consideration to the specific needs of the sellers. Although there are various costs and obligations associated with being a public company, we believe target businesses will find this method a more certain and cost effective method to becoming a public company than the typical initial public offering. In a typical initial public offering, there are additional expenses incurred in marketing, road show and public reporting efforts that may not be present to the same extent in connection with a business combination with us.

Furthermore, once a proposed business combination is completed, the target business will have effectively become public, whereas an initial public offering is always subject to the underwriters’ ability to complete the offering, as well as general market conditions, which could prevent the offering from occurring. Once public, we believe the target business would then have greater access to capital and an additional means of providing management incentives consistent with stockholders’ interests. It can offer further benefits by augmenting a company’s profile among potential new customers and vendors and aid in attracting talented employees.

While we believe that our structure will make us an attractive business partner, some potential target businesses may view our status as a blank check company, without an operating history, negatively.