VirExit Technologies Inc (VXIT)

[FatCatFenix]

This is interesting: From todays filings.
This reads like they already know 1 person is buying 2.5 billions shares.
Could it be Fine, buying up 50% thus owning/controlling the company,
Would make sense why they go NASDAQ after since they would now have Fine in the books.


Controlled company:

Following this Offering we will be a “controlled company” within the meaning of the corporate governance rules of NASDAQ. However, we do not intend to rely on these exemptions and intend to have the same requisite independent directors and board committee structure as non-controlled companies. See “Management—Corporate Governance.”

Definition of Controlled Company.
A controlled company is a company of which more than 50% of the voting power is held by an individual, group or another company. For purposes of this provision, Nasdaq interprets a “group” as “shareholders that have publicly filed a notice that they are acting as a group (e.g., a Schedule 13D).”