After reading the 8k's, I'm 100% confident the reverse merger will take place. Based on yesterday's PR, I just don't see it happening till later this year...hence, the extension. Jacobs had no incentive to increase the funding and to extend the deadline through Q3 unless he plans to follow through. Remember, many time consuming things must happen first. He owns multiple companies. He probably has to decide how many, if not will all of them be rolled over. Documents and proxy statements must be submitted to the SEC, company must remain current with SEC, companies on both sides of the merger need 2 years of financial audits, etc. As far a shell companies come, CAPC is as good as it gets. Low share structure, debt cleaned up, ex-CEO is largest shareholder so he has skin in the game. and all SEC filings are current with the OTCQB. This will be a huge success and has potential to be a huge regional or national fitness chain. So yes...third time is the charm!
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