Saturday, February 10, 2024 5:32:45 PM
It just doesn't make sense. Also, this wasn't a shell before this Chinese company started to get it clean for shell status before merging. Why would a company chose a ticker that was currently engaged in business activities? It wasn't a shell.
"Shell Status
Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933,
Rule 12b-2 of the Exchange Act of 1934 and Rule 15c2-11 of the Exchange Act of 1934):
Yes: ? No: ?"
https://www.otcmarkets.com/otcapi/company/financial-report/374755/content
There are already many clean shells for sale, at much lower prices.
So, what is actually going on? Nobody can explain the connection of former CEO Eugene Caiazzo to the incoming Chinese company. But I see that Matt Dwyer was also a previous CEO here. I've come across him before, and he has been associated with scams. So, beware! Seems like he may be the one behind all this.
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