InvestorsHub Logo
Followers 27
Posts 1670
Boards Moderated 0
Alias Born 08/31/2017

Re: KOmani post# 6872

Friday, 03/03/2023 8:14:16 AM

Friday, March 03, 2023 8:14:16 AM

Post# of 7239
The way I understand Synergy and ECPL is they own or bought the shell from a trust after the owner , Hicks dies. . This is not a custodianship. So Synergy owns a low float public company that they can either merge or sell with no oversight by a court. According to their filings, the float and OS are the same at 24.5 Mil, but what is held at the DTC for free trading shares is less , at around 22,5. So about 2 mill shares were never registered to trade. Not sure how they handle those.

In any case, a nice shell to have control of free and clear.