Sunday, September 27, 2020 12:35:48 AM
I fully understand why a hostile reverse-merger is appealing in some situations, but a corporate hijacking just can't work in this one.
The shareholder vote controls the outcome, and the custodian cannot engineer a hostile reverse-merger without the ability to cast that vote. Furthermore, with no registered class of securities here the idea of a reverse merger with ADIA is beyond irrational.
We have 87,899,861 Common shares outstanding, only 13,848,781 of them are free-trading. 74,051,080 Common shares held in certificate form primarily represent the original PIVX/Homeland Forensics team and our original investors.
https://www.otcmarkets.com/stock/ADIA/security
There is no reason to attempt to convince anyone else as to the long-term value of the existing business and no lawful basis for diluting those people in order to maximize the short-term market value for the holders of free-trading shares.
A hostile reverse-merger, if one were possible here, would result in all shareholders being massively diluted, both free-trading and not.
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