Yes sorry I am working at the same time I do this so I use voice to text and I do not do my parentheses, as I should lol. Well when merging with a company to do a backdoor merger the company opens itself to the market well in an IPO they control 100% of the share they are selling on to the market in a reverse merger the stock is already open so they can either delete the crap out of the shares or they can buy out this much as they can before merger announcement grab everything they can and then announce the merger and sell from there. Remember with an IPO they control the speed the shares are going into the market. With a reverse merger the other hands in the pot and they decide when they buy and sell this makes the stock more volatile and does not allow them a smooth transition or control over the bulk of their stock so in a reverse merger like this they would want to control as much of the stock as possible before hand and also have controllable investors if they can squeeze out the little guys then they have nothing but heavily vested investors to deal with which are much easier to negotiate and deal with then a whole bunch of little tiny hands are freaking out by the smallest move in the markets, remember most investors are like gambling crackhead they cannot sit tight for more than 2 seconds. everything freaks them out. they are paranoid and irrational. when a company first comes onto the market they do not want this to happen they want to control as much as possible to drive the price up as the whole reason they are coming onto the market is to sell off some of their company for profit to take home or get capital for more Investments. Gradually as the stocks as they lose more and more control until eventually they give up the control to the point they had pre-decided most of the time at most it would be 51%. But the first 20% they sell is there most profitable usually and strong control in this move is a must.
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