Can you speak English please. Remember, I said full, complete sentences. With verbs and all.
You said something about reverse split. There is nothing about a reverse split. There is a conversion. That's not a split. I gave you a full list of Nasdaq requirements. You can make minimal assumptions there as to what Forion will be like when it opens on the Nasdaq, assuming the deal goes through. And based on every other deal like Biotrack and Amercanex going through, there is no reason to think this one wouldn't happen either.
You don't have to do a r/s to get to $3.00. There are others paths there. This is another way. A more intelligent way. A definite JP Morgan influence here, which this team has many cross-polinated backgrounds in. This is high finance stuff. In fact, this is one of KP's questions I submitted. Another one that was sidestepped. I put it on the bottom of the list because I thought, no way... He was asking if there would be any plans to upgrade to a higher exchange in the future. No way, I thought. But this is exactly what they are doing. This move consolidates a lot of those questions I think. I need to go pull up those questions later and review those in retrospect.
There is a whole new company being formed called Forion. Completely different capital structure. Meaning, the outstanding shares and everything changes. HLIX is only 27% of the newly formed company. Hence, for every 1000 shares you own, you get 27 shares of the new company Forion if you want to exercise that right and hold to the end -- that's where the .027 conversion comes in.
When you buy HLIX today, you are not buying HLIX per se. You are now buying the option to buy into Forion, of which HLIX will comprise 27%. You see, it's like a reverse merger to my understanding. MOR Analystics is going public through HLIX, the same way HLIX went public through an empty shell, to my understanding. It's almost like a SPAC in reverse. Now it's a company coming through a legitimate company called HLIX, rather than an empty shell. A reverse merger to them.
Hence, it's called MERGER -- M-e-r-g-e-r. Two companies combining to form a new company called Forion. As in two companies combining or MERGING. Not a reverse split. It's called a MERGER. That's why it's called a merger, Whatsup. Because two cmoopanies are merging together. Get it?
