Thanks man. These low float reverse merger plays can be extremely profitable as long as you play the right ones. I think ADMG is perfectly set up to be one of those very memorable and profitable plays.
There is always a chance for a R/S with a R/M play and if so they are not all bad. I have seen many tun 1000%+ after the split. It all depends on the ratio of the split and the shares issued to the incoming company.
In this case we already have a tiny O/S and float. Almost all of the remaining 15 mil. shares are in the hands of insiders. There are very few shares in the market and in outsiders hands. 3 million of the 15 million was just issued to"
On December 10, 2018, the Company entered into a series of VIE Agreements with Shenzhen Dingshang Technology Co., Ltd. (“Shenzhen Technology Company”), and its sole shareholder, Ms. Jing Xie. In consideration of her entry into the VIE Agreements and causing Shenzhen Technology Company to enter into the VIE Agreements, we agreed to issue 3,000,000 shares of our common stock to Ms. Xie.
There is very little reason to execute a R/S in this case because they would only be reducing the insider ownership. It is usually done to reduce outsider ownership of which there is very little.
Based on the background and history of the incoming CEO I would expect a R/M announcement very shortly. He orchestrated another Chinese R/M that did not include any R/S. ADMG is a fully reporting OTCQB stock and is one of the most desirable shells I have come across in a long time with it's current share structure.
GL!
