makecents: There was no reverse triangulation merger(RTM) here. It was a forward merger. That was bad opinionated information that was passed on here as being factual somehow but since which the error had light shown on it and it was stamped out. Unfortunately though, it may come back up again because, well, you how can imagine why.
There are examples of reverse triangular mergers out there going on right now and they take three entities involved to make it so:
1) Acquirer (public shell)
2) Merger-Sub (Subsidiary of Acquirer)
3) Target (private company looking to go public)
That said, I do believe our Good Doc here who invested in our little NEOM a couple years ago and for all we know, still owns shares, is taking his most ambitious venture to date (NantWorks, LLC), public via a RTM, and SOON. In fact, it's my hypothesis that I think it's taking place right now but unfortunately I no longer think NEOM will be his vehicle to do so.
But, given this hypothesis, even though my shares still aren't fully settled, I gotta wonder...Is anybody actually able to trade this? And, the starting bid as it's settling is 3x's the expected start ASK of .006 (if I recall correctly).
Make me wonder...If the Good Doc is still involved here and needs NEOM's patents, could a deal have been struck that to allow Dr.SS to finally take out YA given the amount of shares that are now available (as SOON as this finally settles) tied in conjunction w/ his taking NantWorks, LLC public? The timing is right.
Might that be the reason for the BID/ASK of .019/.021?
Just speculation.
lns
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