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Re: chemist72 post# 60172

Friday, 02/10/2023 11:53:55 AM

Friday, February 10, 2023 11:53:55 AM

Post# of 67233
The main difference is in the otc the principals (in this case lihn) have complete control. So with his preferred share control he can agree to the sale of the operating entity of hi-alloy for $1 to the private entity he controls leaving MVNT an empty shell. We wouldn’t see a dime of that sale but would retain our shares of a now empty shell he would most likely sell since it has value to another private entity who would want to reverse merge into it to become a public company.

This happens every day on the otc both merging in and merging out.