Empire Post Media, Inc. (fka EMPM)

[Bountiful_Harvest]

What will happen to EMPM? Dr. Lee's letter currently posted on Saeanmotors website does not mention EMPM. Sounds like we should know "something" before the end of October?

Possible scenarios - If Saean plans on merging before end of October, then we know they are not doing an IPO. APO with PIPE seems possible. OTCQB (October) -> PIPE (S1)/Reg A+ . As I understand, Saean Inc (still a private company) can’t do PIPE or Reg A+ without using EMPM (or other publicly listed stock) as a public vehicle to offer securities to the private investors. And You can’t do PIPE or Reg A+ with a shell unless you have assets and investment plans. This merger method appears to be quite rare.

https://en.wikipedia.org/wiki/Reverse_takeover

In a reverse merger, shareholders of the private company purchase "control" of the public shell company and then merge it with the private company.

Reverse merger is the acquisition of a private company by an existing public company so that the private company can "BYPASS" the lengthy and complex process of going public. In the United States, if the shell is an SEC-registered company, the private company does not go through an expensive and time-consuming review with state and federal regulators because this process was completed beforehand with the public company.

The lawsuit is sort of a wild card thrown into the mix. However, I'm led to believe that Saean is going Public via EMPM. If not, then EMPM is still a majority owned subsidiary of Saean, in which I believe will be used when able to. If Saean is using another OTC listed stock to go Public with, I would think we would've heard some chatter on it by now via share purchases, etc.. some sort of connections?

I'm not entirely clear on just how much of EMPM is owned/controlled by Saean and Dr. Lee. I know by Filings that Dr. Lee owns 64.78% of EMPM. However there are some earlier posts that claim Saean might own as much as 80%. Chen had more detailed info on that subject.

Under CASOS: https://businesssearch.sos.ca.gov/CBS/SearchResults?SearchType=CORP&SearchCriteria=saean&SearchSubType=Keyword

Saean Energy, Inc. *note - some past connections with EPC Corp.
Saean Medical, Inc. (FKA Saean T&E Inc.)
Saean Group, Inc. (Holding Company - set up to hold and control other companies)

Under NVSOS: https://esos.nv.gov/EntitySearch/OnlineEntitySearch

Saean, Inc. ("Private" Corp. w/ 200 m shares) Korean shares swapped w/ Saean Inc.
Empire Post Media, Inc. ("Public" Listed EMPM w/195m shares, which Dr. Lee owns 64.78% )

https://www.otcmarkets.com/stock/EMPM/security

I'm no expert. I don't have a series 7 license. My conclusions could be flawed. Just trying to connect the dots and solve the puzzle. All my posts are opinion based.