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Re: DIVEROTC1 post# 63

Tuesday, 10/16/2018 6:30:44 PM

Tuesday, October 16, 2018 6:30:44 PM

Post# of 1150
Nooo...$sakl is sack lunch productions....they are a separate company...who wanted to buy Cool Events and merge them into their existing business....my take is that the deal fell thru..

By taking over/ doing a RM into an existing empty shell, $RNWR...it allows Cool Events to go from a private to a publicly traded company.....without any involvement from $sakL

But why....usually 2 reasons....expansion of existing company into possibly other countries....or to acquire other companies / assets......this is done through a stock offering 3-6 months after taking over the shell to raise capital....hell, if they raised enough capital maybe ThEY could buy out $SAkL....that’s shooting a little high, but you get the idea....