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Re: tbattaglia post# 50397

Tuesday, 04/16/2019 7:34:14 PM

Tuesday, April 16, 2019 7:34:14 PM

Post# of 51814
I presume you're using "working capitol" as a synonym for the operational expenses. Their profit of $170k is positive cash flow for current operations.

However, if they're really going to expand and grow, like they said they were going to do, and raise capitol to do so, like they said they were going to do with their "offering on NASDAQ," then they're going to register and sell stock. And when they do, the existing equity/shares will be diluted into less than 1% of the equity of this company. If they weren't going to do that, then there'd be no reason whatsoever to go public.

Otherwise, this reverse merger essentially gave the equity ownership of this shell over to the bagholders of NHPI, which would be a monumentally stupid thing to do.