Did he point out the $25 million dollar tax write off the merging company gets, that is worth around $5 million dollars, plus he overstated liabilities, IMO. Much of the money is owed to insiders, which will probably be given stock in the new company to cover them, plus it appears Wedbush has been brought in to handle the financing needs. Even if the have to pay the whole debt, with the tax write off they'd still net a few million dollars.
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