Well, it's certainly not the best of news. It's either true and valid information (and I was involved in one of these "reverse takeovers", and they can consume lots of money and time with the Accountants and Legal, so I know it's not easy), or it's B.S., and this is just a scam. From talking to them, I would say it's the former (and have done so with my money by taking a decent size position in the company). Looks like we should know within a month. Also, I recommend you call the good Dr. himself. He's very forthcoming (or appears to be)!
Good luck.
