Martin 33 I am not understanding the deal: ---DSTI and SLMU both issued a press release announcing that the share exchange agreement is NOT moving forward. ---You are posting that the deal is moving forward because Nalley said it is?
How can this be?
As an insider, MM can not do this transaction without filing an 8K and providing exact terms of the deal. In fact, MM as an insider of SLMU is not permitted to this deal as a result of the legal issue with the 2 funds.
MM can not do a share exchange agreement as an individual (personal) or through the public entity (SLMU). Both SEC and FiNRA do not allow those types of transactions.
Moreover, if MM is doing the share exchange agreement on a personal level (outside of SLMU) he MUST file an 8K and he MUST have an escrow account with a lawyer handling the entire deal properly.
Also, DSTI management and transfer agent MUST be in agreement with this deal and/or approve the transaction(s).
Anything outside of doing this the right way will result in DSTI certificates NOT BEING ALLOWED TO BE DEPOSITED WITH BROKERAGE FIRM.