Digerati Technologies Inc (DTGI)

[BuyLowThenHold]

No Not at all...Waste Deep, Inc. Enters Into a Business Combination With Digerati Technologies, Inc.
6:54PM ET on Friday Nov 16, 2012 by Marketwire.
Companies Mentioned: DTGID
Digerati Technologies, Inc. (OTCBB: DTGI) (OTCQB: DTGI), an established and award-winning provider of cloud communication services, today announced that it has entered into a transaction in anticipation of a definitive agreement for a business combination via the acquisition of 100% of the outstanding capital stock of Waste Deep, Inc. Waste Deep, Inc. is an oil field services company with an initial focus in the Bakken Formation (the "Bakken"). The stockholders of Waste Deep, Inc. will receive newly issued shares of DTGI preferred stock, which will be convertible into DTGI Common Stock shares. As part of the business combination, new officers and directors will be appointed; Mr. John Howell as CEO and director.