Innovative Holdings Alliance, Inc. (IHAI)

[anbu]

My opinion on this deal. This is just my view.
A/S 1.5 Billion and O/S 1.3 Billion. Out of 1.3B O/S, CEO has 1.1B Restricted shares. If the deal is true and goes through, I feel CEO might have to give back some shares. For e.g: CEO might give back 800 Million shares. Then the buyer might pay only for 500 Million shares. i.e approx $175 Million. Even if the CEO gives back 800 million shares he still gets $105 million. Nothing is confirmed until we get the buyer name and $0.35/share. My personal opinion is this is scam. The CEO will not announce the buyer for atleast 15 days and they will release PR once in two days and they will unload their shares. For trading you dont need to get $0.35/share. You can trade based on news and make profits.
1. Tomorrow we might see a PR that the Board can authorize the sale of the company because CEO owns more than 90% of the total O/S. Then the share price might will trade between Low 6 cents and high 10 cents and End at 8 cents.
2. After one or two days, they will say they have decided to sell the company for $0.35/share because the deal is sweet. But due to confidentiality the buyer cannot be announced. The shares will trade between 7 and 12 cents and end at 8 cents.
3. After few days we will get a PR saying the company is doing due diligence and the buyer will be announced in few days. Again we will see a jump in PPS.
4. Finally they will announce the fake buyer and the share price will Initially go up and end up down. The people will realize its a scam and the share price will go back to less than a cent finally.

Smart people will make money and some people will end up bagholders.