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Wednesday, July 13, 2011 11:43:45 PM
Ok.. Reverse Merger 101 in Play form.
(ACT 1)
"Hi EXTO Management, we're Bayport, we want to buy your publicly traded shell."
"Hi Bayport, we're EXTO Management, we'll gladly sell that to you."
"Thank you EXTO, here's payment."
"You're welcome Bayport, here are the keys."
*EXTO Management exits stage left, never to be seen again*
*Bayport puts keys in door and conducts business*
(AUDIENCE STANDS AND CLAPS LOUDLY)
In other words, if you sell your house to someone, you do NOT get to come back and hang out in the living room.
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