Resonate Blends Inc (KOAN)

[powerbattles]

Soon, KOAN will be renamed Apollo and will have a new Cusip number and symbol. The stock at play here is EMGE, and Morrison is focusing on EMGE. The merger structure revolves around EMGE because it is the entity with current business operations and revenue. For more info, visit Apollo's front page and then check out the news page. As Gatorca mentioned, the Apollo website currently displays news exclusively from EMGE.
https://apollobiowellness.com/in-the-news/

If we achieve a 1-1 share exchange, the value of EMGE would instantly increase 20-fold. This is something that Ihub users are clueless about; they have no idea regarding the differences between reverse triangular mergers and forward triangular mergers. Idiot basherTrade59's bashing of EMGE's common shares will be wiped out, which is hilariously stupid nonsense. If he has any brain cells left, he could simply Google or ask an AI these questions before spewing nonsense here:

1 - What happens to the stock in a reverse triangular merger?
2 - How does a reverse triangular merger affect shareholders?

Furthermore, this is something that nobody here knows or even considers exists. If people understood SEC rules and regulations and could read financial statements thoroughly, I wouldn't need to point this out. There is the '80% rule' for reverse triangular mergers. The '80% rule' refers to a provision under U.S. tax law (specifically Section 368(a)(2)(E) of the Internal Revenue Code) that outlines a requirement for a transaction to qualify as a tax-free reorganization, specifically in the context of a reverse triangular merger. I won't delve into details, but here's one requirement they must fulfill: After the merger, shareholders of the target company—in our case, EMGE—must receive stock of the acquiring corporation, KOAN, equal to at least 80% of the total value of the target company's (T's) stock that they owned before the merger.

So, what is the EMGE value worth to KOAN? Despite KOAN trading higher than EMGE, it is nothing but an empty shell. In contrast, EMGE boasts multiple businesses, assets, and revenues in the multi-million-dollar range. Therefore, an exchange ratio of 1-1 is justified as a fair deal. Additionally, given that insiders at EMGE hold more than one-third of the outstanding shares, they are also seeking a higher per-share price. IMHO:)))