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Friday, April 05, 2019 2:09:20 PM
https://www.otcmarkets.com/filing/html?id=12472539&guid=uo03UaDpH3mQ73h
That is how any reverse mergers into essentially worthless shells like this work. 10% would actually have been generous and more than usual, if there would have been any truth to the suggestion that an actual deal was afoot. There is very little value to shells like this one, and all the other entity wants is the publicly traded shell. With PMPG, we have seen several such deals announced, and in one instance PMPG announced that it had actually closed a deal with Satic, only to confirm in the 8-K above that it never had a final deal, much less closed the deal as previously PR'd the prior February.
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