You mentioned a r/m into a fully reporting Pink Sheet company. I would suspect that company has shareholders. What percentage of Good Life China will they own after all this is completed? Will their percentage come from our 10%? And how do the perferred shares of EFGO figure into the deal?
RESPONSE:
First, it is important to note that this is not a reverse merger, but a sale of assets to TLGP. The relevant information is really how many shares of TLGP (under the new name and ticker symbol) will be issued and outstanding after the purchase of assets is completed. Each shareholder can then evaluate their percentage interest in the Company.
Based on our negotiations and discussions with TLGP, it is our understanding that the number of shares outstanding after the transaction is complete will be between 120-130 million shares.
Please not the 120-130 million shares outstanding after the transaction
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