Instadose Pharma Corp (INSD)

[congotongo]

Ill try to answer your questions best I can.

In a normal liquid market, you are right. post merger, the shares should go down based on new shares issued if we assume instadose is being fully valued now. however, Instadose canada shareholders will recieve 144 shares which are restricted. (unless instadose files an S1 to clear them, but most cases they are restricted). In usa you cant just issue free trading shares. so this isnt a normal market. only real float is and will be the 25 million free trading shares. In which 19 is already deposited at dtc and are able to be sold. These shareholders are the same ones paying to offload their stock through the sleazy promotion before the deal has even closed. wonder why the rush for the exits? the disclaimer on promo piece even told people that instadose is going to zero and that people are paying to offload cheap shares.

furthermore, they way most shell deals are done is that people purchase 100 percent of the shell in two transactions. some even use two separate lawyers to try and conceal the murkiness of it. like i said in my previous post, I assume the free trading shares all changed hands for about 50k as shells were going for around 350-375k at the time. instadose bought the 50 million control block restricted shares for 300k. This is where it gets really tricky. Imagine you are an instadose investor. for 4-5 years with no liquidity. You invested at 2 dollars. 6 million dollars to recieve 3 million shares. you then find out that a portion of the amount you invested was used to purchase the control block. Fine. but then you later find out that someone else was offered free trading shares in the shell, 3 million shares worth, for 6k. free trading shares now worth over 60 million. these shares should have been offered to the people who supported instadose through investment. Not just grants family and friends. big No NO.

hope that helps.

here is link showing they bought control block for 300k.

https://www.marketscreener.com/quote/stock/INSTADOSE-PHARMA-CORP-114282650/news/Instadose-Pharma-Corp-entered-into-a-non-binding-letter-of-intent-to-acquire-Mikrocoze-Inc-for-0-33593941/