Thanks Shazbat, I appreciate your input and agree they will certainly have tread carefully with the SEC & on advice from counsel. The post of course is a theory but seems viable given the information in the filings. The theory is presented as being their plan from day one and not as a way of side-stepping the SEC. However, I'm not sure of all the legalities involved such as a trading non-registered shares for registered shares but IMO, the company would have to had a plan intact to bring in liquidity prior to the private placement sales to accredited investors. In any event, I see value in RMRK shares however the company decides to use them.
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