ProText Mobility Inc (TXTM)

[Maxinvestor89]

I have to side with Parabolic this time

RSSAMD Acquistion LLC acquired control of ProtExt Mobility Inc

Actually, that's inaccurate, but no one seems to care, including OTCM...

TXTM is actually Protext Pharma Inc (After Protext Mobility Inc, merged with it)

Yes, that means what we see in the fillings is innacurate

I confirmed everything with Delaware SOS

Anyway... I'm diverting away from the point here...

When RSAAMD Acquisition LLC (Delaware) acquired control of TXTM, it also was acquired by TXTM and became a wholly-owned subsidiary of TXTM

In other words, RSAAMDA shareholders exchanged their ownership in RSAAMDA for a controlling stake in TXTM

There are multiple kind of merger that can be done

Keep in mind TXTM wasn't "officially" a Shell

Protext Pharma/Mobility Inc stayed the parent company

In a "Classic" Reverse Merger, when a "real" Shell is involved, the incoming target becomes the accounting acquiror (The financials of the stock = the financial of the target), and the publicly traded company eventually gets renamed to the target name. (Soon thereafter at the SOS level, much later, through FINRA)

I have to add that WE DON'T KNOW anything about the "relationship" between RSAAMDA (TXTM Wholly-owned subsidiary) and RSAAMD PTY Ltd (The operating company in SA)

Judging by TXTM Balance Sheet, RSAAMDA, or TXTM directly, acquired control over 15m seeds somehow