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Thursday, November 16, 2023 10:39:07 PM
The 8K they issued describes the shares that are to be awarded to the owners of the business merging in. If you read it, in the aggregate, those owners are going to own the lion's share of the equity in this company, which means the bagholders can expect to be wiped out by it. The pumpers will tell you it won't happen immediately and/or that the new stock will be restricted until registered, but they're not going to hang around anyway. For the owners of the company merging in, who collectively own 100% of it, it makes perfect sense they'd expect to still own the company after consummation of the merger.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
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