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Thursday, February 29, 2024 7:44:25 AM
A careful review of the Disclosures (Share agreement) and one will easily find the clear reference to execution of a triangular merger- 251g- Merger in delaware... LET'S REVIEW the LANGUAGE from the filing as you so adeptly outlined...so we can clarify for those unaware how a merger like this works.
CLEARLY- from the language of the filing- it states exactly what will happen. It disproves another poster's incorrect assumption that KOAN was taking over EMGE commons and neglects the actual process that takes place when engaged in merger proceedings.
IMO- WITH this share structure, float and stock held at DTC- this could easily test multi pennies on any continued validations of TRIANGULAR merger moving forward. Technicals all reset too during the drama. It was a healthy retrace and those last two candles indicate momentum north. .BREAK and CLOSE above .0024 pps and this chart becomes extremely bullish too.
FURTHER- One needs to have a firmer grasp and more sophisticated understanding of what these companies are doing by merging in this fashion by way of Delaware using 251G.
LETS DELVE DEEPER- https://delcode.delaware.gov/title8/c001/sc09/
THE PROCESS ALLOWS FOR THE Triangular MERGER whereby 2 entities cease and their assets sold or incorporated as subsidiaries into a BRAND new CORP domiciled in Delaware and with favorable tax laws and ability to absolve debts from subsidiaries that were merged. NOW GET THIS...
READ WHAT HAPPENS to EMGE commons when this deal is consummated...from the delaware 251 G government website explanation...
SO - WHILE Im still trying to figure out the incoming corp profitability and real potential for an increase in current company market value... the reality is that most often the end results of 251G - one can potentially see the REMOVAL of the death spiral debt as it can get wiped out and protected by delaware laws and rules/regs IMO when 251G occurs.. Interesting that they securing financing to the tune of 500k also to close from a friendly. It would make sense if they where about to spin KOAN out completely and then have no exisiting operations in that sub other than EMGE interests.
Then EMGE closes out under Apollo Health and its debts could cease to be owed potentially. How could someone own stock debt in a company that doesn't exist anymore and ino longer ceases operations as a business.shell? THAT'S WHY I'M HERE.
IMO-By the time anything "potentially" bad might happen for retail here- there is a chance at a remarkable run north. That's what I like. Being around to uncover those gems. Frankly, I don't care how many times an OTC company has gotten it wrong in the past or with prior ownership. It doesn't mean anything about the current potential for substantial gains. IMO- this has the ideal SS to make a penny run WITH the execution of a sophisticated triangular merger play.
https://investorshub.advfn.com/$UPER-$TOCKS-DD-and-RESEARCH-FORUM-31721/
ALL POSTS are just opinion! Never BUY/SELL based on them! MUST consult licensed stock broker!
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