Panacea Life Sciences Holdings Inc (PLSH)

[tigerpac]

I completely agree with this statement. They will try to make the public entity look as good as possible in order to attract investors, when in fact it may be the weakest link amongst Hemptown and C2M.

At some point during this race to zero does Hemptown or C2M reverse merge into the public shell and try to recoup their own losses?

My general view is that since all three parties are interrelated (EXDI, C2M, Hemptown) they would probably try to book as much revenue through EXDI as possible, while still getting full economic value to C2M and Hemptown. The reason is that naive investors in the public markets often only look at the headline revenue numbers and their growth, without bothering to look into the quality of revenues. So if EXDI prints high revenues, while Hemptown and C2M still get their money, everyone wins. That would mean, however, that gross margins of the C2M or Hemptown re-sales would be expected to be a wash at best.