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Tuesday, December 05, 2023 9:33:26 AM
The legacy holders of the common stock have not invested a single penny into PickleJar holdings. They invested in the failed business the corporation used to do, and that investment is gone, the cash to the company gone. That's why any legitimate business that merges into a dead shell will wipe that legacy equity away with a reverse split, so that the equity stake in the business is preserved and not handed over to those bagholders of the failed business. If you're looking to do an S-1, why on earth did you merge into a stinky pink shell when you could have done that S-1 as an IPO and the investors in it would not have had to share their stake in the company with those bagholders? Usually on an OTC RM, there are large holders and/or convertible debt holders who are the beneficiaries of the surrounding hype that get to dump into it.
I don't "speak" to CEO's on the OTC. Nothing personal, but I follow the mantra "if you want to be conned, then talk to a con man," something that is rampant on the OTC.
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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