Need you folks as a sounding board to see if I am on the right track to this DD thing:
BGFT: (stop laughing, My brother is interested in anything Bigfoot)
Merger supposedly going on with Independent Contractors Network, Inc. They have a business called LoadChief, which specializes in hooking up truck drivers with loads. Odd combination off the bat. First we look at 3 of the players who I could find information on:
Louis J Esbin VP/General Counsel...He has a business in Santa Clara. He is a Bankruptcy attorney who also deals in Corporate Formation and Mergers and Acquisition.
Rob Hershenson, CTO. Owns Hershenson Consulting...also made the website for Load Chief.
George Passantino (this is the good one)..Passantino Anderson. They "helps companies improve relations with their audiences using the power of pursuasion" (I'm not making this stuff up, it is listed on the website for Passantino Anderson)
Now, we look at the PR which comes from BGFT, one line in particular catches my eye: "The goal of this merger is to expand the Loadchief service footprint into new regions through access to the OTC Markets."
Given the fact that ICN is a private company, run by a lawyer and a guy who cons, I mean persuades people to do what they want, I smell a reverse merger. Biscardi getting out while the getting is good and ICN going public without the time and expense of an IPO.
Am I off on this, or does that sound right to you folks?
ToG
