Immune Pharmaceuticals Inc (fka IMNPQ)

[Letterpenny]

This makes sense to me Bruce. Hope it helps you out. As you know, the acquirer is required to meet a bona fide needs rule. If legitimate needs arise in the fiscal year of the reverse triangular acquisition, a fiscal year appropriation may be obligated to be met. The acquirer will have rights to the assets and the liabilities of the target company, as well as retain their identity and business contacts. The acquirer will be required to continue with the business of the target company or utilize a reasonable part of the assets in their operations. The acquirer may also qualify for a tax-free merger if the shareholders of the selling company hold stakes in the acquiring firm.

So hope that gives you some idea of how long this can go on for. Hula Hula Cuckoo Penny