Popt: You misunderstand how the common shares got exchanged, which they did. Yes, you may suggest it was shady but it occurred and it's what always occurs in a reverse merger transaction where a public shell is used to take a private company public...
Popt: The CCRA 10 filing for a registration of securities, points out that: This is an Exchange Act registration statement and not a registered offering of securities.
Duh. What do you think it says right on top of the Form 10 what it is?
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
This, again, is how reverse mergers work...a Form 10, otherwise known as a "Super 8K" is filed, ushering in the new public company and share exchanges. Oh, and it's how reverse triangular mergers work too. ROTF!