Cannonau Corp (CNNC)

[BRONSON]

Without looking it up isn't a merger when 2 companies combined or one company absorbs a another company?

No merger at all our company's name is Cannonau corp They are a private company that got a little too big and in order to take full advantage of a public company With its limited liability, Tax write-offs this 1 having 3 or 4 million in them. They decided to go public.

Although when they were privately owned they could have been under A DBA possibly even a s corp and even a different name.
At some point the private company got moved over to the public one.

I believe that day was when Cannonau Corp officially got 5 employee That was in late December.
that is the official start day when everything would be in the books of the new public company cannonau corp And out of the privately owned company.
The restricted shares are probably sitting Under Whoever started the private companies mattress. You know the owner...

Because they started late in December you might as well consider it January 1st.
So they will not show any income in their next 10Q filing which is the last file in for the year.

But in their 10K quarterly filing that would be January through March that should show the income. Again employees are not gonna work for free.

How they filed for late extension and then filed for late extension again
Puts the 10Q and the 10K released literally the same day or back-to-back.

Those filings should come in by may 14th..

No news until then... In fact how everything had to go through the courts and the history of the stock it might be against the law for them to put out A PR until everything is updated.
And I actually think they have to show earnings to get the skull and crossbones removed Once they're good they should be able to roll just like any other company.

That should happen after may 14th sometime...