In the October 30, 2025, X post by @johnneyyzhang, the exploratory outreach from a Nasdaq-listed investment bank for a potential merger with Primior Holdings ($GRLT/$PRMR) highlights a key risk for retail shareholders: significant dilution of current positions through the issuance of new shares in a share-swap structure. With $GRLT's 3.85 billion outstanding shares and a sub-$6 million market cap, a typical reverse merger could involve exchanging shares at a ratio that floods the float, potentially reducing individual ownership by 20-50% or more, depending on valuation terms, while integrating the bank's underperforming assets and undisclosed liabilities into Primior. While non-dilutive alternatives like debt financing exist, the risk of a structure that erodes retail stakes substantially isn't worth taking, especially pre-Gaia beta launch on November 1, where independent execution could drive organic re-rating without inherited risks. No letter of intent or filings exist yet, but we're talking Nasdaq distressed management and are they truly going to prioritize OTC shareholders' interests to rescue their bad choices?
let's not take the chance. Vote NO
Bullish