InvestorsHub Logo

StockBull

04/21/18 12:21 AM

#6025 RE: turbo29 #6024

That’s a good question. I don’t think VCPS is considered a shell company just yet, but they are pretty close considering they really have no assets or net worth to speak of.

Who knows, maybe some private company sees some value in the tech behind the vincompass app and decides they want to take a different approach; or maybe they will want VCPS because it’s public and nothing more. It is after all a much simpler, shorter, and less expensive process than hiring a lawyer and auditor and having them file papers with the SEC.

In any case, I don’t think the merging party will like the share structure as bloated as VCPS is now. It will most likely result in a reverse split, as the majority of reverse mergers go through. However, if VCPS announces a reverse merger, most people here will get out on the initial run and won’t have to worry about the soon to come split.

Honestly, it’s all just speculation, but you never know.