Global IT Holdings, Inc. (GITH)

[Xilo]

This was on our local radio just a few minutes ago. They said that a Global holdings was in talks with a private company for Globals clientele list and to take over it's symbol so the private company could go public without all the hoopla that's usually needed to go public AND to expand their possible buyers list. I missed a portion of the story so I'm not sure if it was GITH or some other company. They said Global holdings company. I know about the 2 million dollar debt but have heard nothing about restructuring that debt or how the debt would be rolled into the merger. If someone knows more about this or can debunk this, please do. Just reporting what was just on the radio.