InvestorsHub Logo
Followers 40
Posts 5531
Boards Moderated 0
Alias Born 08/19/2009

Re: BigBake1 post# 101665

Thursday, 10/14/2010 1:30:51 PM

Thursday, October 14, 2010 1:30:51 PM

Post# of 111729
The problem with buying into BNPD is that if or when the deal goes through, they can make whatever share structure they want and not stay in the confines or the current share structure. And the fact, then comes probable financing and down BNPDs pps goes possibly to trip zeros or even worse, increased A/S, O/S, and R/S.

Remember, they've stated (as if that means much), it's supposed to uplist. This requires a lot more scrutiny from the SEC and will get it. The SEC in all of its faults, are at least giving these reverse mergers, shell buyouts, or the like a bit more approval processes these days. They have to approve it and that takes a bit of time by itself even after the initial S-1 filing.

Now, I would suspect, again if it happens, that they might not uplist and only be another non reporting, non audited pinky company and have some bla, bla, bla, on some PR explaining away the reality of it. Just a possibility, but it will be easier to get it through to not uplist.

But if they really do uplist, that will take some audited financials and a lot more process and harder to do, especially the way DF and company has been doing things.

Why most large and reputable legal firms don't even touch pinky shell buyouts with a ten foot pole. Way too much baggage and liabilities that come with most pinky shells.