InvestorsHub Logo
Followers 4
Posts 240
Boards Moderated 0
Alias Born 01/20/2021

Re: OilRush post# 2602

Wednesday, 02/17/2021 12:26:32 PM

Wednesday, February 17, 2021 12:26:32 PM

Post# of 3282
OilRush -> Exactly! ACCA doesnt have to "buy" anything at this point. ORCIM bought the ACCA Shell. ORCIM (Jeff) was the one that spent the money. And as for what we believe is going to be the first round of acquiring by ACCA (B&D, SNGY, etc..), those are all held by Jeff. So you will see him "sell" his companies to ACCA by using shares and/or some cash from ORCIM/ACCA. And this is why it is important to understand the share structure of ACCA. It gives him the ability to expand where needed without flooding the market with shares. But I do not see him putting out many shares in the beginning (if any at all) in order to keep PPS up and attract more and bigger investors. Also, its key to keep the PPS up in order to up-list to the nasdaq/nyse.

Thanks for posting the link for everyone to see. You are probably not the only one having that question.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.