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Craig305

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Re: Papalaka post# 23933

Thursday, 02/15/2024 9:26:38 AM

Thursday, February 15, 2024 9:26:38 AM

Post# of 24847
That is not a true blanket statement.
I have seen multiple reverse mergers where the incoming company has to assume the debt of the shell they are merging into.
I have seen some shells with high debt get taken over, tried to go through BK process and the old debt holders would not negotiate with the new shell owners. The new shell owner then dropped the shells like a hot potato.
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