Wednesday, April 10, 2019 1:56:14 PM
I did reach out to the company and I did get a call back:
https://www.aluf.com/
I wanted to verify that the news was real and was actually released by AHIX of acquiring COLOTRAQ:
https://www.prnewswire.com/news-releases/aluf-holdings-inc-signs-definitive-agreement-to-acquire-colotraq-300828442.html
The company confirmed that the news is real.
I asked about the confirmation of the over $100 million revenues within the COLOTRAQ website and I was told that those details will be coming out on April 30th or before sometime this month.
http://colotraq.com/partners.html
I asked if the deal was going to be done with preferred shares and I was told that those details will be coming out on April 30th or before sometime this month.
I asked if the company was going to be doing a reverse split. I was told that the company is not going to be doing a reverse split.
The gentleman that called me back was really fairly conservative, but at the end of the conversation he told me... enjoy the ride. I thought that was very interesting.
From the conversation, I believe the Definitive Agreement is something that is going to actually close as per the PR which stated would close on or before April 30, 2019.
v/r
Sterling
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