Friday, May 11, 2018 1:06:19 AM
It provides an opportunity to cut ties to the mistakes made by previous management and start clean.
Financial obligations of the shell will still need to be resolved as part of the process.
Often times, the new CEO will take necessary actions to get pink current on otcmarkets, before completing a reverse merger.
Other times, reverse mergers happen before getting current and reporting obligations then fall to the R/M candidate.
There is no cookie cutter method to R/M’s that I have seen, which is why its best to approach shells with caution, careful consideration and attention.
Just my opinion and if I am wrong, I am confident that someone will correct me.
GLTU, IMO and FWIW.
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