Banx and Green, Inc. (fka BGGR)

[mstep]

"BGGR is the successor of a fully reporting company that will file all required compliance statements during the first quarter of 2008."

If I read this right, BGGR is a new entity...the result of a merger or buyout of "a fully reporting company." So we need to know two things...1) WHO is involved in the new BGGR and 2) WHICH fully reporting company did they merge with or buyout

Could it be that in order to get a favorable deal for ISBL shareholders, they decided to create a new entity BGGR (as sort of a buffer) to restructure old debt from the "fully reporting company"???