Well then it makes a R/M even that more ignorant. The company merging into the shell will still be required to complete a full PCAOB 2 year back audit and will still be required to file all information required under Regulation SK.
So in essence, whoever is buying the shell.. is going to have to pay the same cost of going public directly on top of the price of the shell.
R/M's are no longer the smart choice.
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