Reverse Mergers & Low Float Plays

[Potse]

GRHI(.02)...Loot8 RM is expected soon.......

I've accumulated a position in the GRHI shell in the 1-2 cent range. Added a nice amount yesterday at 2 cents. The timing for entry/accumulation looks somewhat optimal to me right now since the reverse merger with Loot8 is expected to occur sometime in the month of November.

The usual shell/RM risks apply here (final terms/structure of the deal is unknown at the moment, any reverse split, etc.), but this price range looks reasonably interesting to me. If I use about 32M as the legacy share count, shares have been available for purchase at a roughly $320-640K legacy share valuation in that 1-2 cent price range. If the merger gets structured decently, I think there is a good chance for some pretty nice upside.

Everytime I look at GRHI/Loot8 I get a little bit of a YCRM/PickleJar kind of vibe to it. Obviously there are major differences between the two (PickleJar is a far more mature/diverse business), but if YCRM can reach a legacy share valuation over $6M I don't think it is unreasonable to think that GRHI might have a decent chance at reaching a $2M legacy share valuation (over 6 cents per share). I am semi-expecting there to be some news flow or investor awareness activity from management following the merger completion (based on some MOU activity that Loot8 entered into during October).

The two primary people involved in the creation/development of Loot8 (Marcus Daley and Scott Page) are comfortable in front of cameras talking about the various businesses/products each has been involved in over the years. Scott Page in particular has never met a camera/microphone that he doesn't like. If you ever watch/listen to any of the interviews he does related to Loot8, the interviewer can ask a question and Scott will talk non-stop for 10 minutes if you don't interrupt him.

A couple of days ago another video interview was released featuring Scott Page talking about Loot8 (see below). This interview was filmed around the first week of October. During this interview he talks about GRHI CEO and control block owner Marcus Daley, mentions that they and 20 engineers have been working on this company/app for about 2 years, the Loot8 app will go into full launch phase in 4-6 weeks (which would be any time now here in the month of November), confirms that Loot8 is going public via a reverse merger, and also mentions they will be heavily involved in the NIL space in sports (Name, Image, and Likeness).

This was posted on the Loot8 LinkedIn account a couple of weeks ago........

Exciting things are on the horizon. November marks the beginning of a new era in social media engagement. Mark your calendars because the redesigned app is launching soon. Don't miss out on the future of fan engagement!

https://www.linkedin.com/feed/update/urn:li:activity:7120438422015508480/

This is the video interview that Scott Page did at the Hello Future Live 2023 event held in early October. The main parts of interest happen around the 4:10-7:30, and 15:10 marks of the video. His statement about the reverse merger occurs around the 16:15 mark........