[color=red][/color]HOLD ON QEDN LONGS ..!!! i really believed that we will be rewarded very soon if not this week ...i am very optimistic that QEDN would still go for a reverse merger. But , it would be in the form of a Reverse Triangular Merger with ProRemote and Nazz. There is another stock on the other board with same status as QEDN .could check GLER ,it is going for a reverse triangular merger .its has a record volume yesterday with olny the letter of Intent news of a merger. I still give my benefit of the doubt on Makmann because, I've seen the brighter side of the plan i hope they're (with Gregorakos and Stagliano ) taking. Reverse Triangular Merger is a Tax Free form of reoganization . plus the fact that the transaction was made in the form of Preferred B stock for Nazz ,this would be an additional incentive for Nazz in going Public because of its convertible features. on the attachment site below, you could find that part of the plan ,in order for this type of merger to be qualified to be Tax free is for the target corporation (Nazz) sell 50% of its assest for cash in another company to be included as part of the assest of the acquiring company (QEDN).The main purpose of these plan is to insure that the acquiring company (QEDN) would have the majority of the voting count of all stockholders.Another benefit for type of merger is that the target company(Nazz)upon completion of the merger will become also a wholly-owned subsidiary of QEDN.JMHO
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