Options Media Group Holdings, Inc. (OPMG)

[Dan10]

My understanding is that a private company will take 96% control of the public company and the public company will renamed the private company. In our case the public company is OPMG and Private is Illume. Which is a reverse merger.

A common way that small companies go public is through a reverse merger with an existing public company. In a reverse merger, an operating private company merges with a public shell company which has no assets or known liabilities (the "shell" corporation). The public shell corporation is called a "shell" since all that exists is its corporate shell structure and shareholders. The private company obtains the majority of the shells stock (usually 96 percent or more). The private company normally will change the name of the public company (often to its own name) and will elect its Board of Directors which will appoint the officers.

Your thoughts on this.