Eco-Tek Group Inc (ETEK)

[MadBrewer]

For the folks new to Reverse Mergers; (thanks thesmallguy);

-ETEK is a shell, not a company. Meaning there is no business activity.

-Shells are corporate entities that once "housed" active companies that are no longer active (de-listed), so the "shell" still exists without an active company.

-They retain the share structure of the previous company (very important) but that can change before they become public.

-Reverse Mergering an active company into a "shell" is a faster and cheaper way for a company to "go public" than an IPO. Going pubic allows them to raise capital and be traded.

-When a company, or companies, wants a shell for the purposes of "RMing" an active company into it, they go through a court process to see who gains custodianship of said shell.

-ETEK went through the court process and was given custodianship in April 2020(actually. I am new here and don't know the name of the custodian. though from what I gather it was recently made known in a document, and Las Vegas is somehow key, this is poor DD on my part)

-The "investment" or "play" is that at some point, likely sooner than later here, it will be announced that an active company will take over the ticker ETEK.

-That new company could be big or small. The "bet" is on how big it is BUT also on the share structure and WHEN it is announced. (OTC players are infamous for their fickleness, but...I believe it is true that patience pays much much more than not.)

-I doubt if OTC markets is up to date, but they list the market capitalization TODAY as $426,960. Divide that by the closing price .0018 and you get a float (retail shares, us) at 237,000,000. Which is ridiculously low, I mean ridiculous, for a stock trading in sub pennies. I honestly don't believe that's even close to the current float.

-ALSO: Reverse Merger (RM) stocks are "ON TREND" at the moment. Meaning the is serious momentum with them. Definitely be careful, as always down here in the bowels, if you can't really afford to lose it, don't invest it.
thesmallguy
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161719934

$ETEK is an empty shell, with no "business model".
Waiting for another company to move into it to become publicly traded without all the hassle of an IPO.
That is what we are all gambling on.
JaMoS9812
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161710950

A reverse takeover, reverse merger, or reverse IPO is
the acquisition of a private company by an existing public company so that the private company can bypass the lengthy and
complex process of going public. Wikipedia
McSh00ter
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161717549

I hope peeps don't mind that I've consolidated a few posts into one.
Yet as Regan once said,
"I don't care where the info comes from or who gets credit,
as long as the info gets out."

Cheers