Unique Logistics International Inc (UNQL)

[Almost A Myth]

Unique Logistics International. Inc is the entire international company, including the US and domestic offices/branches/divisions/etc. IMO, but there is nowhere in the filing or the outlined 2020 plan that would indicate a splitting of the company in any way.

After reading the 14C filing from Dec 8 again, I noticed the official name mentioned there includes the word "International". Plus, it is apparent that they are taking steps to protect the company from a hostile takeover by adding the additional 300m to the A/S.

IMO, the name and the measures they are taking with the A/S increase signal to me that the merged in company encompasses all of Unique Logistics different segments. To split the company into parts would be contradictory of their stated plans.

I could not find any mention of the other two merged in companies, but that's good, because I'm sure they are well established and will be an asset to Unique....as well as bring in more revenues! Wildcards that will add to the shock value of what we're about to see.

This is a long weekend, and it's still 3 days until the 27th. Taking 20 or 30 minutes to read the filing in its entirety will be time well spent. A lot of questions are answered there, and it's relatively short because unlike most other OTC filings of this type, there are not pages and pages of noteholders and warrants to weed through!

The 3 companies that are talked about in the press release I think are the 3 US companies. The Hong Kong, Indian and UK companies I do not yet think are part of INNOCAP. The company in Vietnam I am unsure of.

It is a little confusing to differentiate between what comprises this company.

I hope it includes all divisions, at the least the most profitable, all will be revealed in the financial release.

Any opinions?

https://www.otcmarkets.com/filing/html?id=14551438&guid=ZroqUqSU23FNzyh

On November 20, 2020, the Board and the Majority Stockholders owning a majority of the Company’s voting securities approved a resolution authorizing the Company to adopt the Amended And Restated Articles of Incorporation to change the Company’s name to Unique Logistics International, Inc.

Potential Anti-takeover effects of the Increase in Authorized Shares of Common Stock.

The implementation of the increase in authorized shares of Common Stock will have the effect of increasing the proportion of unissued authorized shares to issued shares. Under certain circumstances this may have an anti-takeover effect. These authorized but unissued shares could be used by the Company to oppose a hostile takeover attempt or to delay or prevent a change of control or changes in or removal of the Board, including a transaction that may be favored by a majority of our stockholders or in which our stockholders might receive a premium for their shares over then-current market prices or benefit in some other manner. For example, without further stockholder approval, the Board could issue and sell shares, thereby diluting the stock ownership of a person seeking to effect a change in the composition of our Board or to propose or complete a tender offer or business combination involving us and potentially strategically placing shares with purchasers who would oppose such a change in the Board or such a transaction.

Although an increased proportion of unissued authorized shares to issued shares could, under certain circumstances, have a potential anti-takeover effect, the amendments to our Articles of Incorporation is not in response to any effort of which we are aware to accumulate the shares of our Common Stock or obtain control of the Company. There are no plans or proposals to adopt other provisions or enter into other arrangements that may have material anti-takeover consequences.

The increase in authorized common stock will not change the number of shares of common stock outstanding, nor will it have any immediate dilutive effect or change the rights of current holders of the Company’s common stock. However, the issuance of additional shares of common stock authorized by the increase in authorized common stock may occur at times or under circumstances as to have a dilutive effect on earnings per share, book value per share or the percentage voting or ownership interest of the present holders of the Company’s common stock.

The Board does not intend to use the consolidation as a part of or a first step in a “going private” transaction pursuant to Rule 13e-3under the Securities Exchange Act of 1934, as amended.