Nice post intergracer.
Quoted from the Investopedia site, "The process for a (private company to public) conventional IPO can last for a year or more. In addition, during the many months it takes to put an IPO together, market conditions can deteriorate, making the completion of an IPO unfavorable. By contrast, a reverse takeover can be completed in as little as thirty days." This would be an easy kill for any MJ stock in my opinion.
Further, "At the closing, the shell company issues a substantial majority of its shares and board control to the shareholders of the private company. One way the acquiring or surviving company can safeguard against the "dump" after the takeover is consummated is by requiring a lockup on the shares owned by the group from which they are purchasing the public shell (Investopedia, 2014. n.p.)". Be prepared but this appears to be a common practice to protect the private company's interests. Further, market conditions have no bearing on this type of move.
There's a lot of opportunities for private companies to take this COA (course of action) as 30 days is a pretty quick way to get into the public sector and expand their investment capital for growth in my humble opinion.
Do your own DD on this but the reverse merger may lead to a reverse split of current EFIR shares held. Nope, don't like that news either as it conjures up last events when I personally did not benefit from the R/S. That said, there's plenty of upside after between now in then if the stars align and folks play their investments in EFIR right (timing is everything). Please don't make any investment decisions based on my post(s). They are my personal opinion and I use them to determine my own activities (Avise La Fin). SS1
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