I hope hes almost done. more shares here means harder it gets to go up later on. If its just retail person who picked up .15 .20 then thats ok. Could be past insider getting rid since they arent part of shell any longer.
Trying to find out on the Chinese guys but my guess Ethan is a investment advisor for high net worth individuals so he may have met past CEO from Citi or whichever he worked for. They mention shareholders on their page but they could be just a intermediary for a Chinese merger. I like how fast they did the date so that tells me they want it now and fast to get something done.
Mr. Quanzhong Lin will acquire a majority of the common shares of Mercari
CHENGDU, CHINA -- (Marketwired) -- 01/20/17 -- Mercari Communications Group Ltd. (OTC PINK: MCAR) today announced that Mr. Quanzhong Lin, a highly successful entrepreneur in China, will acquire a majority of the common shares of Mercari. Mr. Lin is a very experienced and successful industry leader in fields including Healthcare, E-Commerce, Project Investment, Global Tourism and Hotel Management, and has interests in a number of businesses located in Chengdu City, Sichuan Province, People's Republic of China. Mr. Lin stated that "I am very pleased to have taken an interest in Mercari Communications and look forward to identifying a suitable business in China for Mercari to acquire."
Forward-looking statements
This press release contains forward-looking statements regarding prospects, statements of future expectations, future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time.
Mercari Communications Group Ltd. Ethan@mercaricommunications.com
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