Emergent Health Corp (EMGE)

[trader59]

I did not soften my position at all. The EMGE shares own equity in a lifeless subsidiary. They effectively cleaned it out and left the EMGE common shareholders holding equity in a subsidiary that has nothing going on. Plus, the reverse split is still on the table until they say it isn't, in fact it was the only mention of the common shares of EMGE in that whole exchange agreement.
The preferred shareholders of EMGE got the KOAN stock, EMGE common shareholders got nothing but bags to carry. KOAN isn't exactly a juggernaut, either, appears to be just as dead.