Merger happening, here's why:
Belfrics wants "accelerated US entry", and what provides it?
Coming in through an already established US company, that's what.
It's the Life Clips’ acquisition of Belfrics that "allows for it."
Look --->
LifeClips
@realLifeClips
Replying to
@realLifeClips
Life Clips’ acquisition of Belfrics allows for an accelerated US entry plan, expecting to start its US licensing process by the first quarter of 2022.
For whatever reason, it happens to be our ticker (and our CEO Robert Grinberg) that Belfrics is so geeked about using for their debut in the USA . . . which is fine by me.
Belfrics CEO talking about LCLP in public, saying it's what is going to give them the "fire-power" they need.
Belfrics CEO and Founder, Praveen Kumar said, “The July 2021 definitive agreement between Belfrics and Life Clips, Inc. (OTC Pink: LCLP) (“Life Clips”) is the result of relentless team efforts on both sides from across the globe. Having Life Clips as our holding entity will give enough fire power for Belfrics to move to the next level.”
Reading between the lines, I don't think Belfrics is going to let this deal fall apart.
JMHO
