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Re: Rich735 post# 27798

Wednesday, 01/24/2007 4:09:35 PM

Wednesday, January 24, 2007 4:09:35 PM

Post# of 162847
Andrew:
What a bogus answer.
A valuation of a business can be done at any time.
His answer just proves how messed up this reverse merger is.
In any merger Step One is to place a value on the business to be purchased.
Step two is two negotiate the split of stock. ie. how much stock targetco will get for its operating target company. This includes negotiations with principal shareholders who have large blocks of escrowed stock to "give up" to the targetco shareholders.
It also includes potential reverse splits to clean up the outstanding shares in the Pubco (read FCCN).
This whole process has been muffed from day one.
I should never have listened to my buddy and bought this stock at $0.058.
Best thing since sliced bread? But I got the moldy loaf!!!
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