Drilling Alone is Big, PR to come Just as Big....We won't know till we hear, but remember, simple dd found the shares and this 8k so we are ahead of the company for now.
At first it hit me wrong, hell, just uplist the company and lets get on with making alot of money...BUT the more I read the better I like the Options we have. This is starting to look like Good Business.. This Board has taught me to Read, so I know and understand....Time to get on with it..
Just because I dont understand doesnt mean its bad, I did not understand good dilution till Jan..Glad I learned and am still here. Bet the same here.
Betting this turns out real good..No matter how they do it
Not to Mention DRILLING
IMHO
Good Luck to All
Agreed Red 1000%...They'll See
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Mirror company formation is a specialised form of spin-out used to create a new public company. It simplifies the process of listing the shares on a public stock exchange.
It works by an existing public company issuing a bonus share at a rate of 1 for 1 in the new company. This new company is then sold to another company that does not want to go through the complex and expensive process of issuing a prospectus. The company that purchases the 'shell' then does a reverse takeover, to transfer an operating business into the new company. This is often called a "backdoor listing".
The advantages are the original company sells a shell for much more than it cost to create and the shareholders of the public company receive shares in a new operating business. For the operating company it is much faster and possibly also cheaper than the normal requirements of complying with the listing requirements of most exchanges.
