you do understand that a private company that takes only about 1/3 of a public shell when it merges into the public shell, receiving only $2.5 million worth of stock, very much shows that the private company, Adaptive Media, failed to get financing privately.
the CEO of the ADTM might claim otherwise, but those are the facts
end of story"
that you oviously don't see the benefit of Adaptive being acquired by Mimvi. Adaptive didn't even have to think about getting private financing when it clearly made more sense for Mimvi to pay the $2.5 million in stock to the shareholders of Adaptive for their [his] comapny. This spared Mimvi from filing for bankruptcy when it was pre-arranged that Qayed Shareef would become the CEO of the surviving entity which essentially became a new company with new management and a completely new business plan. Furthermore, the formerly private company became a public company now with access to the public market.
Mission accomplished for Shareef and his company, while at the same time restoring value to MIMV stock and providing a new opportunity for MIMV shareholders ... as if you cared.
Also, I hope you don't really think Adaptive is incapable of raising capital. You looked at this ...
and said, "Well done". Now, perhaps you didn't really understand the significance of it, because it clearly shows that Adaptive received a significant amount of new money ... and to take that a step further, why don't you ask Norman Brodeur, Imperial Asset Group, Kevin Fickle, Stephen L. Elliott, Insight Capital Consultants Corporation and David N. Dodge what they saw in ADTM that you obviously don't ???
By the way, this is hardly the "end of story", because the story has only just begun !!
Are you sure you want to post more misleading nonsense ???