You better not be buying TRIT, YONG, etc later then. It doesn't matter if SAT/SAIC filings match, if there is a real business, etc. The exact same logic you just applied works equally well for them. Management can just walk away, right?
Heck, can't BIDU do the same if it wants? Who is going to stop it? How is the capital structure for BIDU providing ANY more protection than the reverse merger structure? I'd love to know ;).
I'm not disagreeing with your points about dilution, evaluation, etc though.
-Fernando