Wednesday, December 01, 2021 12:49:07 AM
A) It appears the company was probably worth more than $50m so my point still stands. It’s a thousand times bigger than any company 8Mile will ever run.
B) The shell was never made current and disappeared into the expert market at the Sept cutoff meaning it didn’t get as far as IFAN. It happened to quite a few Chinese shells. IIRC they had a regulation change in the Summer that caused some Chinese companies to change their mind about joining the OTC.
C) It never reached the point of reverse merger, it was only ever an empty shell.
You’re wrong and the comparison doesn’t match IFAN’s situation. So, name a reverse merger where the shell was sold, the merger was completed and the merging company was worth less than $50m.
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