Emergent Health Corp (EMGE)

[trader59]

The RS remains pending until EMGE says it doesn't. Has nothing to do with the business that used to inhabit it. In the share exchange agreement, it says it is still pending. The deadline published in August was for the board to decide. The board decided in September. Since then, it's been pending with FINRA.

There has been nothing issued that says they're going to give EMGE shareholders stock in the parent company. If they intended to do that, the perfect time would have been when they issued the share exchange agreement detailing how the preferred shareholders were getting preferred shares of KOAN (convertible into 93% of the total equity), and there was no reason not to include it if that's what they intended to do. Instead, the only statement says the RS is still pending. If they don't intend to do the RS, they clearly have had several opportunities to say it.