Affluence Corporation (AFFU)

[oldstocks]

Durham Black was an LLC now converted to Incorporated
Just thought I should repost, This is what I found



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.