Thursday, December 15, 2022 8:48:56 PM
This makes a ton of sense because it does a few things. First off it consolidates the shares out of the hands of quick flippers and gets them into stronger hands, which will be better for the share price in the big picture. It also allows the company to focus on building the company and by the time they decide to start to update the market, they've already got quite a bit of momentum going. IMO that's what we're seeing with merger plays like $NOUV and $OCLG (same owner). These guys didn't buy up control of these shells to never do anything with them. The silence is all part of their game plan imo.
Here's the link to the merger book. http://www.untag-smd.ac.id/files/Perpustakaan_Digital_1/CORPORATE%20FINANCE%20Reverse%20Mergers.%20Taking%20a%20Company%20Public%20Without%20an%20IPO.pdf
Highly recommend everyone who is playing R/Ms should educate themselves on how these things go, but the more I learn about them the more I think there are quite a few big time runners waiting for these shells that found news homes but have gone radio silent.
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • GCTK • Apr 17, 2024 8:00 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM
Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV) • KGKG • Apr 16, 2024 8:30 AM