Spin-off Carve-out Stock Dividends

[hiphopfurby]

What is BCSP doing exactly? I tried reading it but it is horribly confusing. From what i can understand they will Reverse merge and reverse split the shares. The distribution ratio looks like for every 1 current share we will get .7 new shares.

What are the positives for this merger? It looks like Post merger shareholders would have less shares in the Combined company than they currently own correct?

The only reason I ask so many questions is because you seem to have much more information that I do in this company.

Did they change the record date? Is it confirmed that if a shareholder buys today they will receive shares in the new company?

This does not really seem like a divided. It seems one company will reverse merge into another then they will reverse split the shares.

So why would a shareholder want to own the new combined company with less shares?
Will the new company have more
Revenue?
Profits?
Assets?

Would it be prudent to wait till after the merger and reverse split to buy into the company? It does not seem that current shareholders will receive any extra shares (dividends) in the transaction In fact potential buyers pre-merger would lose shares.

I am not bashing I am just curious as to why I or someone else would want to buy this stock before the merger. I did some reading on the company but there is a lot to read and take. I only found out about the company yesterday and it is a lot to take in with such a short amount of time before the deadline.
Perhaps you can help fill in some blanks.

Thank you.