If merger hasn't finalized that building they are building would be a costly expense as well as filing fees and company take over. Nobody drops this kind of money and just quits or try to scam
I agree that they will have wasted money if they do not follow through with the planned merger/acquisition of FRFS. However, I do not believe the sole reason for that building is the merger/acquisition. What is to stop them from continuing down the path of business in that building if the merger/acquisition falls through?
It has been speculated that GIFA Holdings has plenty of working capital to finance the expansion of that sector of that business. So, other than failing to become a public company, their plans will go on.
On the other hand, if this merger was to be utilized as a means to raise capital, that can only mean one thing. GIFA Inc. will be just as many other OTC companies. Selling convertible notes to start up the aforementioned business and pay for the new building.
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