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Friday, 03/31/2023 5:09:41 PM

Friday, March 31, 2023 5:09:41 PM

Post# of 8636
$HDUP - a quick review. They announced that this would be a "Reverse Triangle Merger" - Enteractive is listed on GameChangerz website as: "Copyright © 2021 Enteractive Media INC. All rights reserved A Heads Up Entertainment Inc. Property," that's at the bottom off https://www.gamechangerz.ca/ - so the definition of a Reverse Triangle Merger is? "A reverse triangular merger occurs when an acquiring company forms a subsidiary in order to purchase a target company, which then absorbs the subsidiary to create a new company."

Add to that, we have a SPAC involved (Parsec Capital Investments") What was announced today...https://www.sec.gov/ix?doc=/Archives/edgar/data/1855751/000149315223010010/form8-k.htm - Parsec (the SPAC) merging with Enteractive Media (the HDUP property)

The next leg will be, IMO, funding. All of this costs 100's of thousands to do. So let's see if that comes next. The funding would normally go to Enteractive so that they can acquire HDUP Entertainment, Spinola, LotteryHub, etc.

I'd guess we need another couple of weeks for this to get started NOTE: I SAID STARTED, NOT COMPLETED.. When it's over, we'll be HeadsUp Global (read the OTC news items) and we'll be on Nasdaq (NOTE: I'M NOT SURE HOW LONG IT TAKES TO GET ON NASDAQ).

But today was important because it signals that the journey has begun. We're getting closer. IMO

A quote from OTC Mkts - March 15th "CALGARY, AB, March 15, 2023 /CNW/ - HeadsUp Entertainment International Inc. (OTCPINK: HDUP) is pleased to announce that it has identified, and been identified by, an acquiring Company for the completion of the previously announced Reverse Triangle Merger and move to a high tier exchange.

The Company has been in a mandated quiet period under a series of NDA's to complete a number of corporate finance agreements to consolidate its assets along with a number of previously announced and upcoming new transactions.

HeadsUp's management is now tasked with completing 2 years of audited financial statements having recently gone through its January 31st year end and in addition will be preparing a Registration Statement to meet exchange requirements for the completion of the proposed transactions. This process will also provide the information required by the Alberta Securities Commission to request the removal of the Cease Trade Order in Canada with the submission of these items."