Replies to post #48940 on Medizone Intl. (fka MZEIQ)

[BenK]

"...or if the new owner decides to gift or sell them a portion of the company."

Sounds like a fairy tale, but who knows?

Manti, what would be the mechanism through which that would happen? Would a formal contract of ownership on a certain percentage of a new entity then be pro-rated to give each shareholder a stake? How would they do this?

Thanks-

[teq0904]

If the new owner wants a pubco, they can put it in a private company they own with 50M shares out, then do a reverse takeover of MZEI. They would consolidate MZEI shares say 500 for one then have MZEI raise $5M (so they can have enough to get through du novo and have some left over for G&A afterwards) then do the RTO.
Otherwise they have zero interest in MZEI. Or maybe someone can do a share and cash deal with the creditors before Wed and have a proposal to MZEI shareholders so they would also agree, although it seems late to do that.

Not sure how that works with a trustee at this late stage since there are 2 parties that a deal has to be fair to, creditors and MZEI shareholders.