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Re: BigBadWolf post# 39819

Wednesday, 09/02/2020 10:03:49 AM

Wednesday, September 02, 2020 10:03:49 AM

Post# of 63075
I don't think so, BBW. Many reverse mergers - including some that I've had a stake in - have spun off the original business into a separate public entity, issuing shares as a "dividend" (more or less - yet another incentive to hold your position) to shareholders. It looks to me, based on this recent news, as if they are setting up to be able to give additional news with the DA (or sometime shortly thereafter) regarding yet another "dividend" to shareholders. The idea being that sometime after the DA or closing of the merger, the company may issue a news release stating that all shareholders of records as of... say, November 15, 2020, would receive "x" shares of the new entity. In fact, the company may be out shopping right now for a shell to buy for PASHealth - or could already have something in progress that we'll hear about in the upcoming quarterly report.