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Wednesday, April 22, 2020 8:47:45 PM
GRTD will become 100% HomeBistro, (not 20% of HomeBistro).
GRTD stock will be diluted by HomeBistros 1-for-1 share exchange with GRTD.
with the result that was WAS 100% of GRTD pre-merger will now be 20% of GRTD/HomeBistro post-merger..
Percentage of ownership remains the same post reverse split. Since # of shares goes down, value per share goes up an equivalent amount. (ie: down 1/32 in number, up 32X in value).
Of course this doesn't take into account what the market thinks, or how it will react.
Check out their webpage. Not too shabby! https://homebistro.com/
Home Bistro was founded in 2014, and in 6 years has grown to a $43,000,000/year company, ranked the #1 home delivery meal service in the USA, according to CNET.
Home delivery meal services are just ramping up in popularity, and could become the wave of the future, especially if covid-19 stays around as a problem.
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