Hey DD_dempsey, if ASFX had a prior LOI agreement for a Merger five years ago, I don't know if that would still be in effect. But the company planning on emerging from Ch7 bankruptcy proceedings might have, or be in another negotiation for a merger agreement. [or at least be on the market]
If they want to follow through with a reverse merger candidate, they will indeed have to back file as you suggested, and bring all their filings up to date.
If we see this happening, then we will know what the outcome is going to be.
They are getting set up for a reverse merger, with no debt and a clean share structure.
This is exactly the type of clean shell a private company would want to merge into with no entanglements.
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