InvestorsHub Logo
Followers 5
Posts 1400
Boards Moderated 0
Alias Born 10/28/2011

Re: stockdarockk post# 4855

Wednesday, 03/20/2013 1:25:14 PM

Wednesday, March 20, 2013 1:25:14 PM

Post# of 60702
How much does it cost for this shell?

$300,000? Multiply that out at $0.003 per share. Nope. Not enough shares with current structure.

So what to do if there are not enough shares for reverse merger?

Simple. Reverse stock split first. Then approve a share structure increase. No problem since newco will hold a majority stake. Little bagholders are left out of the loop.

After reverse split, after new structure, then reverse merge.

Need an example of how this gets done? Look at OPHI. They just completed it exactly this way.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent LGIQ News