Yup, that's it. See the $150 buys trying to get others to jump in?
They've obviously shut down the business they did have and since they're "acquiring" the other company, you can bet there will be big dilution, as they have nothing else, and a lot of debts.
"we need to raise additional funds on an immediate basis in order to realize our business plan as well as pay outstanding loans due as of May 14, 2015 in the approximate amount of $1,265,000"
The current common will be worthless once the merger is complete, IMHO.
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