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Re: trader59 post# 35512

Monday, 08/26/2019 3:26:02 PM

Monday, August 26, 2019 3:26:02 PM

Post# of 73938
It's been well documented why they are doing it this way. Everything you just said is EXACTLY WHAT THEY WANTED for a merger.

1. OTC clean shell that's SEC compliant
2. No debt to take over
3. Low share count
4. Reasonable price $300K plus 45% stake. (I assume the former owners keeping 45% was part of the negotiated deal.)

They are on OTC because they have to be as an MRB. The are merging because it's a faster and cheaper way to go public. There is nothing strange or nefarious about it.