Majic Wheels Corp (MJWL)

[Perfectson]

The acquisition LOI is available to read. You can see that shareholders are going to be diluted with all the capital, convertible shares, options/warrants, and earn outs.

Where they met? I assume after the last OTEC failed merger, they were desperate to find someone new to merge with. The fact that they are going with a CE designated grey market stock, lets you know how far down they had to go.

Lastly - board members of OTEC are resigning left and right. All facts.