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Re: A deleted message

Sunday, 11/01/2009 3:05:57 PM

Sunday, November 01, 2009 3:05:57 PM

Post# of 346917
What high road? It's an action that accomplishes absolutely nothing. In fact, since the management of the shell merged into typically gets 10 t0 15 per cent of the new company it would further dilute shareholder interest.

You do a reverse merger to take a private company public, and that's really the only legitimate purpose.

Since you were the one that brought up the idea, why don't you spell out what you see as the advantages. I can't think of a single one.

Not to mention that the CA attorney would file a les pendens on all SPNG assets, preventing any merger or sale in the first place.

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