CONSULTEC...SSCC... SLJB ....IT CCT LLC REVERSE MERGER
So now all of the RM parties are named and all the true believers have to do is wait for the implementation of the GRAND PLAN. What could possibly be more exciting ?
Over the past two plus years there has been constant chatter regarding the "missing" financials and a promise that they will "soon" appear. Then there are the people who believe that Gurmani is the Messiah come to deliver them from POVERTY. Of course this would take the cooperation of that "farm boy" Sulja who never did any farming in his entire life. Even IF there were ever a reverse merger, the "true believers should know the following...
Reverse takeovers always come with some history, and some shareholders. Sometimes this history can be bad, and manifest itself in the form of currently sloppy records, pending lawsuits and other unforeseen liabilities. Additionally, these shells may sometimes come with angry or deceitful shareholders who are anxious to "dump" their stock at the first chance they get. One way the acquiring or surviving company can safeguard against the "dump" after the takeover is consummated, is by requiring a lock-up on the shares owned by the group they are purchasing the public shell from. Other shareholders that have held stock as investors in the company being acquired pose no threat in a dump scenario because the number of shares they hold is not significant and, unfortunately for them, they are likely to have the number of shares they own reduced by a reverse stock split that is not an uncommon part of a reverse takeover. Possibly the biggest caveat is that most CEO's are naive and inexperienced in the world of publicly traded companies, unless they have past experience as an officer or director of a public company.
A major disadvantage of going public via a reverse merger is that such transactions only introduce liquidity to a previously private stock if there is bona fide public interest in the company and GOOD LUCK WITH THAT !!!!!!!!!!
