Thursday, April 27, 2023 7:52:51 AM
If there wasn't a good reason (plan), why would the CEO merge his businesses into the pubco when he could have kept them private and saved a bunch of time, effort, and money. The fully reporting cost are at least $50k, and that's money coming straight out of his pocket. If he pays himself in stock, he'll never get that stock cleared and deposited at this price. The stock that was issued for services in February for the reporting compliance is dead money at the current trading price, and the law firm and accounting firm probably new this at the time of issuance.
Only other thing I can think of is some sort of narcissistic psychopathy that has him (CEO) wanting to be the head of a pubco for no other reason than his ego.
I think there's a plan.
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