I tried to research the CEO's other ticker. The share structure there is completely different than that of ILST. I believe that is why ILST is being used for the merger and not the other ticker. ILST is super clean. They are up-to-date with Nevada and will soon be up-to-date with the OTC market. Once this is done the merger can be completed. IMO the CEO will not be running the new company. Also IMO the merger is with a MJ company. My theory is that they are waiting for some type of State of Florida approval before they finalize the merger.
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