There never was an 'official' Reverse Merger. A contract was signed, a Reverse Merger did not occur. In practical terms, the result was similar to a Reverse Merger.
A contractual agreement was consummated in 2010 between Michelex, a group of Michelex shareholders (including Michelex’ previous officer) and Messrs. Lacle, Shah and Syed in which approximately 388,000,000 shares of Michelex stock (consisting of 179,962,722 restricted shares that were unissued and held in treasury and approximately 208,551,488 unrestricted shares provided by the aforementioned shareholder group) were provided to Messrs. Lacle, Shah and Syed in exchange for $3,000,000 of paid up capital and $10,505,500 of investable funds held by United Mortgage Bankers, LTD. (Mr. Lacle received 84,582,479 restricted shares, Dr. Shah received 35,992,545 restricted shares and Mr. Syed received 59,387,698 restricted shares. The unrestricted shares were jointly held as a block of shares.)
Sincerely,
Dino A. Sawyer
savemichelex@gmail.com
