Ask yourself as to who will want to merge with Infosonics, a sinking ship (bad management, bad business model, heavy losses, decreasing sales, decreasing profit margins, ....)! The only reason Cooltech decided to do is, imo, to become a public company. Cooltech, like IFON, has no IP...
Ask yourself why the share price dropped from 84c to 58c, a 25% drop, yesterday!
This is a desperate merger on both sides! And, IFON had to do it before the ER next week. More of the same thing: loss!
A reverse split is pretty much a sure thing!