Affluence Corporation (AFFU)

[oldstocks]

Durham Black was an LLC now converted to Incorporated
This is what I found over the weekend



Here are my thoughts and my thoughts alone.

This could be the that the Durham Black merger is getting closer to being completed or it could be nothing.
A lot of times when companies do reverse mergers or even mergers sometimes they change the status of company.
An LLC cannot be a public company traded on the stock market.
An LLC can be owned by a public company.

For Durham Black to be the surviving company after a reverse merger or reverse triangular merger and name change it would have to be an incorporation.

A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public.

A reverse triangular merger occurs when an acquiring company forms a subsidiary in order to purchase a target company, which then absorbs the subsidiary to create a new company. This differs from a reverse merger, which involves a smaller private company absorbing a larger publicly-listed company.

Domestic BCA:
Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.