Beware (on two levels)
Alan Blackman, cited in the Share Exchange Agreement, exhibit 10.1, appears to be the same person who ran a scam (actually, several) out of the same town ... BioNeutral (BONU). Very similar. Lots of toxic debt, lots of fluffy PRs, revolving door of promotions and IR firms never for more than a few weeks (probably never paid them), and never got a product to market. Stock ultimately got unregistered by the SEC and investors lost everything.
He surrounded himself with (real) scientists and midlevel guys from real companies (much like Merck) but they were undercapitalized and the share structure was always highly toxic, and these guys never stood a chance.
Now, perhaps its a different person (in the same job, in the same town, with the same sort of transaction). But I tend to doubt it.
Swapping in one creep to replace two creeps (the brothers) may be fine, or may be the start of the same thing all over again. But until we know more about the business of Sharps, it's too risky to consider an investment. Someone said $2B in revenue. No evidence was provided. That seems absurd to me. If that was true, it'd be all over the filings and the releases. It's far more likely that the revenues are much, much, lower and they are unprofitable, and using this low-cost way of going public so they can (wait for it) sell toxic convertible notes to raise money to fund (wait for it) salaries and product development.
Heard that one before?
How'd it work out?
Now, for Fan Pass ...
You will get ...
1. A tiny piece of a speculative company
2. They won't issue all 400M authorized shares ... they need to raise money and there is one way to do it ... the brothers are experts at it ... Alpha Capital and toxic notes
3. They still have no product ... need to develop it ... internally ... with their "resources"
4. They have no resources. And they haven't been remotely successful developing anything
5. So you are looking at years ... YEARS ... of convertible debt to raise money for "development" (and salaries ... don't forget the salaries).
6. Oh, and they are taking all the toxic crap from FDBL and putting it into Fan Pass, so you start out underwater.
This is a true two for one ... two toxic shells for one, both poised to crash and burn.
