Indeed, SRAX was providing loans to BIGT and held shares. It remains unclear whether these loans are still on SRAX's books or if they still possess BIGT shares. Intuition suggests they might still hold shares, yet the performance of the business model is uncertain. If the shares have been returned to BIGT, it would be an unexpected development based on the available information and the clients I've seen signed up at this point.
Until the terms of the merger and the updated financials are disclosed, we cannot ascertain what assets DNA will acquire. Shareholders will eventually receive updated financials for BIGT, as BIGT is actively advancing the business plan.
The downside is that we're lacking current financial updates. On the upside, SRAX is emerging from adversity, and BIGT is acquiring new clients without issuing additional stock.
