Right. The "story" is that Canoe (China) is fleeing China, has been for a few months because they saw the writing on the wall. So Santo is "buying" Canoe in a reverse merger, which will create a Canoe (USA) company with Canoe execs taking over Santo's board, and a big wad of preferred shares for Canoe (China) and/or it's owners. SANTO is ABSOLUTELY WORTHLESS without Canoe, and in reality, we (Santo shareholders) are here hoping the new Canoe USA generates a little value for us as it takes over.
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