Instadose Pharma Corp (INSD)

[congotongo]

thats because it is. but it all comes out in the end. they will have to report any conflicts of interest. thats a fact. then its up to people to decide if they want to own a piece of the company with all these wonky structures after all has been disclosed.

like i have been saying here for months. the greatest risk is the shell transaction. all these JV deals can be ok if the conflicts are actually fully disclosed. but with the shell, the fact that they used corprate funds to but the control block, where the other 25 million ended up will haunt instadose IMO. As well, if you read lots of the stuff the SEC is going after these days, it centers around acquiring 100 percent of the shell, particularly the free trading, and breaking it up into blocks just under 5 percent. hmmmmm.

If i was an instadose investor, and I invested in company at say 2 dollars, I would be pissed as I am getting restricted 144 shares in the transaction. but the 25 million shares free trading were purchased for peanuts. If i had to venture a guess, I would say the free trading portion changed hands for a maximum of 100k. so 100k now worth 500 million.