Woodbrook Group Holdings Inc (WDBG)

[JohnnyRothrock]

-its the easiest way to go public, and clean shells are penny stocks cause there is no business in them - they couldnt be like a Naz or Dow stock.

Here’s what Michael said was the process last week in an article:


-Speaking to International Adviser, Woodbrook chief executive Michael Doherty explained: “The group decided to pursue an IPO through a private equity firm in the US.

“Through discussions, we found that the easiest solution would to be a reverse public offering. It works by us identifying a company that is already listed, with a clean share class, and purchasing it.”
Also known as a reverse takeover, the move sees Doherty installed as chief executive and president of the newly restructured business.



https://international-adviser.com/woodbrook-group-acquires-us-firm-and-eyes-nasdaq-listing/