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MWM

01/12/18 3:24 PM

#16685 RE: mitcheroo #16684

I don't think you can get more certain than this. I think the only question is what could happen to the share structure. But I have a feeling they will be friendly to current shareholders...

Delfin Midstream acquired the Purchased Shares pursuant to the Purchase Agreement to gain control of the Issuer and to appoint Mr. Nichols as the sole director of the Board and officer of the Issuer to carry out the business and operations of the Issuer. In addition, Delfin Midstream currently anticipates that it may enter into an agreement with the Issuer to merge into the Issuer, sell its assets to the Issuer or otherwise consolidate all or substantially all of the Issuer’s business with Delfin Midstream. It is anticipated that any such transaction, if and when consummated, would involve one or more of the following: (1) the issuance of additional Shares or other equity securities of the Issuer to the equity holders of the Reporting Persons, resulting in a change of control; (2) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer; (3) a change in the present Board or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (4) a material change in the present capitalization or dividend policy of the Issuer; (5) changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; or (6) actions similar to any of those enumerated above. However, there can be no assurance that the Issuer will be successful in consummating any such transaction in the near future, if at all.

littlejohn

01/12/18 6:22 PM

#16690 RE: mitcheroo #16684

6 months to a year of chapter 11 to clear

out the shell balance sheet...


Then do up to 100 to 1 reverse

split to set up tier upgrade...


Toss out up to a 5% stake

in the private company's deals

to inspire the pep squad...


How to set up a debt creation

company for funding a project...


The private enterprise can then

dodge rising interest rates

in the bond market and some

of that payment hassle...


When the pep squad grows

weary, up the ante to up

a 10% stake of the private

company, to sell more shares...


That is how American Capital

gets put to work thru the

efficient stock market...


Only a thesis, of course...LJ