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Tuesday, November 12, 2024 4:38:05 PM
I won’t completely rule out the possibility of a merger with MTi, but the chances seem very slim. Logically, Francesc Domingo was already working with Affluence in the past, and if a merger didn’t occur during that time when their relationship was strong, it’s hard to see the point in pursuing it now. Even in today’s announcement, they avoided using the term "partnership" and only signed an MoU. An MoU isn’t legally binding like a contract. It’s merely a formal agreement outlining an intent to collaborate.
I agree with your point that a merger with a high-revenue company could significantly improve the chances of uplisting, but the combined entity must still address several critical factors, including audited financials, SEC compliance, corporate governance, and stock price requirements to qualify. At this stage, I don’t think we’re quite ready to meet those stringent Nasdaq requirements yet.
Regarding control of the company, both Series A and Series B preferred shares used for voting control were terminated. To fully control the company now, an individual would need to hold 51% of the common shares. Given the current share structure, it’s nearly impossible for a single individual to acquire and maintain such control.
This makes it far more practical for someone like Mike Balkin to steer the company toward a new merger and implement a complete restructuring of its share structure. With a restructured share setup, uplisting could become a realistic goal. Additionally, Balkin might explore spinning off and IPO’ing OneMind while retaining ownership. Such a move would be a win-win scenario for all parties involved, creating significant value for shareholders.
Outstanding Shares
806,897,776
Unrestricted 306,049,898
234,400,190 Held at DTC = Shares electronically available for trading.
Restricted 500,847,878
I agree with your point that a merger with a high-revenue company could significantly improve the chances of uplisting, but the combined entity must still address several critical factors, including audited financials, SEC compliance, corporate governance, and stock price requirements to qualify. At this stage, I don’t think we’re quite ready to meet those stringent Nasdaq requirements yet.
Regarding control of the company, both Series A and Series B preferred shares used for voting control were terminated. To fully control the company now, an individual would need to hold 51% of the common shares. Given the current share structure, it’s nearly impossible for a single individual to acquire and maintain such control.
This makes it far more practical for someone like Mike Balkin to steer the company toward a new merger and implement a complete restructuring of its share structure. With a restructured share setup, uplisting could become a realistic goal. Additionally, Balkin might explore spinning off and IPO’ing OneMind while retaining ownership. Such a move would be a win-win scenario for all parties involved, creating significant value for shareholders.
Outstanding Shares
806,897,776
Unrestricted 306,049,898
234,400,190 Held at DTC = Shares electronically available for trading.
Restricted 500,847,878
Bullish

