Friday, November 02, 2018 8:41:08 PM
Thank you for your message. Everything with the acquisition/merger is going better than expected. It's a very complicated deal.
FAGI is buying a controlling interest in an FINRA member, Market Maker, Investment bank from another financial institution. Then the bank and the financial institution are buying a controlling interest in FAGI. A "reverse-takeover-merger" FAGI's name, symbol, bod and management will all change very quickly.
The closing is in two stages. The first closing has already happened, they are under a hard contract now.
The due diligence was completed weeks ago and and the final closing could be only days away.
Unfortunately FAGI is under a gag agreement until after the final closing so they are not allowed release any PR's. That's why they've been so quiet.
Regards,
Richard
FAGI Investor Relations
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