Have you ever seen a company attempt to build value?
It seems as though you're stuck in the perspective that the entity entering PWEB will be a share issuing pig. That may very well be the case, and only time will tell... But the entity entering may also be a company that would like to build value. The company entering is still a mystery at this point, and is clearly a HUGE factor in the future of PWEB. That all remains to be seen. One can only hang on to hope for a company to enter that wants to build value once an RS is announced. Are you telling me I'm not allowed to have any hope?
And to answer you question directly. Yes, I understand how a Reverse Merger works.
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