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Saturday, August 29, 2020 5:03:59 PM
"Our Board of Directors is exploring strategic alternatives, which may include future acquisitions, a merger with another company or the sale of the public shell company."
#Form 10-K (For the fiscal year ended December 31, 2019).
"Searching for Business Combination Candidate.
The Company is undercapitalized. The Company is seeking a business combination candidate that would bring revenue and/or asset value to the Company. A business combination candidate would most probably be a private company that seeks to become a publicly traded company through a business combination transaction with a publicly held and quoted company. Often times these business combination transactions are termed “reverse mergers” or “reverse acquisitions” whereby the private company acquires a controlling interest in the publicly held company."
Disclaimer: My posts are my opinion and not a recommendation/investment advice! Do your own DD!
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