Woodbrook Group Holdings Inc (WDBG)

[SooS416]

People are getting confused about the comment months ago about being NASDAQ by end of 2018.

I believe the path changed once he found NHPI and understood the potential of going the reverse merger IPO route than going directly to NASDAQ for many reasons. One being it is way cheaper.

the other is the ability for many people to profit off of the ride to becoming public, this allows all of the people connected to this massive organization and related parties to enjoy in the ride to NSADAQ and profit along the way, based on everything that is available, Michael is a stand up guy who not only wants to build a massive company but also wants to give back to his employees, and the community at large, this makes me thing he is not going to do the cut throat thing many other CEO's do with wiping out shareholders.

Also as mentioned, I believe the shares Ambrose had will be retired and he will simply get paid out for the shell as we know Woodbrook has money if they were thinking of doing a straight IPO, that puts the O/S around 800M and they have already issued the PR in April about a share buy back and wondering if that was not done purposely by Ambrose to allow a firm like Woodbrook the ability to buyback shares at low prices to further reduce share structure which could still be cheaper than IPO.

The article yesterday had the quote, "uplist as soon as practicable" they are not uplisting bu the end of the year as by going the reverse merger route it takes time to qualify.

They will need multiple years of audited financials by PCAOB firm including the 2018 year ended, they will go through name change process and prepare to uplist towards the end of Q1 as a lot of NASDAQ requirements require 90 days of performance in public markerts if you are already a public entity.

This will allow them to uplist to QB, lay out their plans, continue to raise the shareprice so that when a split is needed, it may not have to be that great. In the mean time Inter-M, Blackhawk and Ziad can load up shares and enjoy the ride.

Here's some info on going the IPO route

"Cost of going public. Underwriting makes up the largest component of IPO costs by far. Based on the public registration statements of 315 companies, on average, companies incur an underwriter fee equal to 4-7% of gross proceeds, plus an additional $4.2 million of offering costs directly attributable to the IPO."

Process and timeline for an IPO
Planning, executing and managing an IPO is a complex task for any organization. The better prepared your company is, the more efficient and less costly the process can be. If you are thinking about being public in the next 1-2 years, then it’s time to get started.

Start with a readiness assessment
Because of the significant effort and time needed to develop the capabilities for being public, a thorough IPO readiness assessment can take 12 to 18 months to complete. The assessment will help you determine where your company currently stands and then assess and identify gaps in your company’s preparedness. This will provide key information related to how much your IPO will cost.

https://www.pwc.com/us/en/services/deals/library/cost-of-an-ipo.html

Now if they calculated out the costs and then looked at a clean shell such as NHPI with clean share structure and clean balance sheet and said hell we can purchase the shell for $1M, purchase shares with $1M (which could be anywhere from 100M to 150M shares) that would still be cheaper than direct IPO and have the added benefit of people profiting off the ride.

Could get the share structure down to 650M which start to not look that bad. Fact of the matter lots of things need to happen and they will uplist sometime in 2019 but we are months away from that.