I would not say avoidance to shareholders, you have to understand that this is in its infancy. It a reverse merger is to be believed, with a private company making as much as they potential are, there are a lot of things that need to be done before the RM is even finalized.
This merger is not finalized, and my guess is that they are performing audits, getting the GLGT shell current before they can do anything. Look at FOGC, they needed to get current before a plethora of info came out. This is not something that is done overnight and something that lawyers could even have troubles with. Look how long it takes for companies on the big boards to complete mergers.
Now the rub is that this could all fall apart and the merger could be off and we are back to a non-reporting shell. But thats the game you play on the OTC and especially with RM shells