Sunday, April 07, 2024 8:46:48 AM
Yes, maybe they will merge some capital into this shell, but they will also do a reverse split. The question is WHEN.
So this is a game of musical chairs. Hopefully, you can sell your shares to "newbies" or to the Shartmaster right before the R/S.
Maybe the PPS won't implode after a R/S. If they file an annual report that shows big $$$ assets and/or big $$$ revenues, maybe the PPS will hold. Occasionally, you see that in OTC.
And there is a chance that FINRA will refuse to process the R/S request, but I don't see that as good news because if FINRA doesn't let them do the R/S they'll abandon the shell. There's no point in merging into a shell and going public if you can't use the shell to raise capital. They're not going to just give stock and dividends to a bunch of existing shareholders from a pinkie scam weed ticker.
Of COURSE they will do a R/S. If they're smart they'll call this ticker a subsidiary of the Chinese parent company and do the R/S before they transfer in assets. If they're stupid, they'll transfer in assets BEFORE... but why would anyone want to invest in a company run by stupid people?
That's rhetorical of course. Nobody wants to INVEST in this ticker -- it's a pinkie OTC reverse merger and everyone wants to trade it and get out before the R/S. Some will succeed. Some will be left holding the bag. Best of luck.
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