Saturday, November 03, 2018 12:47:36 PM
I think the key is that this shell is spotless and basically an IPO for anyone that wants to take a company public. Most often shells on OTC in merger situations are already mucked up from prior activity. Massive liabilities outstanding, large unconverted debt balances and numerous tiers of preferred shares. This shell has none of those things and provides a clean slate for a merger. Ambrose has no liabilities to deal with, no debt, common shares to play with and ability to create preferred shares in a structure beneficial for the company and merging entity.
You add the extremely rare clean as a whistle shell with CEOs track record and you have the potential for one of those rare runs on OTC , now of course being the OTC anything can happen for better or worse but this has tons of potential with minimal downside risk that is typically associated with pink sheet shells.
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