Friday, November 16, 2018 9:12:37 AM
From PR of 4/11/18:
[ATLANTA, April 11, 2018 (GLOBE NEWSWIRE) -- Incumaker, Inc. (OTC Pink: QMKR) announced today that it has entered into an Agreement and Plan of Merger with uBid Holdings Inc. (“UBID”), whereby UBID would merge with and into Incumaker and Incumaker would be the surviving corporation. Under this Alternative Public Offering, or “APO” transaction, shareholders of UBID would own 90% of the issued and outstanding shares of Incumaker of the newly combined company that will seek to change its name to “uBid Holdings Inc.” as well as its ticker symbol post-merger to better reflect the company’s new technology related business model. Under the terms of the merger agreement, UBID’s current officers and directors would become the officers and directors of the newly combined company.
QMKR had 43M shares outstanding before merger was completed. What will the "new" share structure look like after the merger considering that the shareholders of uBid will own 90% of the issued and outstanding shares of Incumaker?
And that's just one of the questions that needs to be clarified. For example is uBid management considering a reverse split in order to be able to uplist their company to NASDAQ or NYSE? Will uBid's management give any guidance regarding revenues and earnings for FY2019? Etc, etc.
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