Reverse Mergers & Low Float Plays

[Potse]

GRHI(.0121)...added recently, expecting RM developments......

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.

Increased my position since the above post with buys in the .014-.019 range. The soft deadline for completion of the merger agreement was November 26, so I would expect there will be some type of announcement regarding the deal (completion, extension, termination) reasonably soon. Loot8 entered into another two MOUs this week. The MOU with APPIX Technologies looks kind of interesting to me.......

Loot8, LLC has entered into a non-binding Memorandum of Understanding (MOU) with APPIX Technologies. Under this MOU, Loot8™ intends to collaborate with APPIX to leverage its unique event experience technology, aiming to enhance user engagement and information dissemination via smartphones. The synergy will see the integration of APPIX technology within the Loot8™ application, catering to a spectrum of retail and enterprise Web3 use-cases. Following the finalization of the terms in the MOU, both parties anticipate progressing to a comprehensive definitive agreement, which will specify further details and a closing date.

https://www.loot8.io/news.html