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Saturday, March 23, 2024 3:05:15 PM
Look, a couple of posters were saying that some entity will tell this new management that they "can't" do the R/S, and that is bullshit. That's my whole point. I don't like to see bullshit on these boards so I posted the truth. I'm not going to defend the truth further -- do your own DD if you don't believe me.
This is the OTC. When you merge into a shell, you do so because you want to go public and dilute to get funding. It's just business -- nothing personal against existing shareholders, but there's no reason to go public if you're not going to dilute -- it's not like you WANT to inherit a bunch of demanding shareholders who think you owe them something. This shell had the O/S almost equal to the A/S, which means there are not many shares on the shelf. If they don't do a R/S or increase the A/S they can't dilute, in which case there was no point to reverse merge into the shell. They WILL do the reverse split and then they WILL dilute. They might be a successful company, but they will do the R/S and they will then sell stock.
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