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Alias Born | 05/20/2014 |
Friday, May 17, 2019 7:57:23 PM
Some quick back ground on the circumstances.
Mark got a bad wrap sheet from previous managements gross negligence and has been vindicated by the SEC of all wrong doing.
Mark does not like the name vgtel as a media company name. he plans to change it to arowana media holdings.
Vgtel already owns ticker MIKP or mike the pike productions.
Mark has a few options available to him to make this work he seems to prefer creating a holding company with witch he can make MIKP/VGTL subsidiaries in a possible acquisition or a merger and those are indicated in my opinion in the new entities name AROWANA MEDIA "HOLDINGS" INC. he will likely merge the entities and then acquire them into the holding company this creates a new opportunity for mark to do things properly. The previous management left him to a huge mess and hes got his work cut out for him.
A non cash option would be called a take over simply he creates a private entity acquire a public company to go public is another option that could bring instant value without hurting existing shareholders the SEC makes it clear that if he has a controlling interest and less than x amount of shareholders I think its 300+ something like that he can make this happen within weeks and without a shareholder vote.
It could be an easy win/win/win for him,vgtl&miko stakeholders in that he gets to move on from the ghost still haunting him and help both groups of shareholders with a real good out come.
Side note mark is very successful in my opinion in his own write he has created several entities that are generating significant revenue.
Ask anything I'll do what I can to help you and I hope I helped in some capacity.
Thank you.
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