I own 500,000 shares and I am not selling. I have said all along that I am long. I receieved interesting comments. Why did Google go public? Because the 2 guys had no money! They started Google from their garage. YouTube, they had no money, they were going in debt on their credit cards, then they got backing and now they are bought out by Google. If a company has 100 mill in revenues, it is easy to get money from a bank and not have to disclose any information on your company and you lower your exposure. Companies that go through shells do it because that is the only way than can get into the market. Institutions? Since when did institutions buy penny stocks? That's a first. A reverse merger is a simplified, fast-track method by which a private company can become a public company. A reverse merger occurs when a public company that has no business and usually limited assets acquires a private company with a viable business. The private company "reverse merges" into the already public company, which now becomes an entirely new operating entity and generally changes name to reflect the newly merged company's business. Reverse mergers are also commonly referred to as reverse takeovers, or RTO's.
Reverse merger: private company goes in a shell because they have no money and can't get it any other way. Personally, I have made money on shells, and I like them. All I want are updated financials , the ones prior to the announcement of the merger. Is that too much too ask? That would answer my questions and I bet a few others
If you want to win, learn how to play the game.
