He says.."We have looked at a good number of opportunities and we are very excited as well to be a part of this."
Well they must be excited and see huge things coming from this deal to have not sold them the shell, right!!!! I will repost something I posted before:
Instead Componus, Inc. only paid "up to $25,000 for reimbursement of its legal fees incurred as a result of the transactions contemplated." This payment is for 89,000,000 total shares or 87.25% of the total issued and outstanding common stock of the Company. Currently, OTCBB shells are selling for $500,000 - $700,000. Do the current shareholders think they will get a better return from the sale of their stock than selling the shell outright to Componus?
Here is the current ownership of JPCI before the reverse merger announcement:
Name (1) Number of shares (2) Percent Held
-------- -------------------- ------------
John C. Canouse (3) 16,395,156 66.1%
Joseph C. Canouse (4) 2,274,106 9.2%
J.P. Carey Asset Mang 2,257,900 9.1%
Jimmie N. Carter 80,000 (5)
Cache Capital (USA) L.P. 36,292 (5)
Janet L. Thompson 5,118 (5)
Directors and officers 16,480,274 66.4%
