Tuesday, May 01, 2018 11:39:43 AM
And the reason it almost always happens is two fold
1) The merging private company has zero ACTUAL interest in giving equity to the existing pubco common shareholders for essentially nothing in return
2) The fact the pubco is controlled by a small group of insiders, and NOT the common shareholders, allows them to do anything they want.
If DPT merges into BVTK, they WILL NOT be buying the common shareholders equity to gain ownership, they will buy the controlling preferred stock from Cellucci personally to take control. Once they have control they can start over...and the legacy common shareholders of the pubco serve no purpose whatsoever in moving that process forward.
Seen it happen too many times.
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