News Focus
News Focus
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trader59

09/10/18 6:33 PM

#98547 RE: roni1 #98544

The merger can't happen until the company gets the money. They can't get the money until they sell the stock. The S-1 says its only a non-binding LOI with no guarantee it will ever be consummated. Cart is before the hose, heck, the horse can't even see the cart it's so far ahead.

And, no matter what, the acquisition of a $25M company by another company with 200M shares of stock outstanding is worth about $0.125 in value to those shares. Simple math.

Not even nFUSZ is saying a new company will be formed. Know why? Because it won't! Even if they sell enough stock to make the acquisition, the end result is nFusz with a subsidiary of Sound Concepts. That's exactly described in the S-1.

End of story!!!
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inriwm

09/10/18 6:38 PM

#98550 RE: roni1 #98544

New CUSIP as well, just fyi.
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tedpeele

09/10/18 6:50 PM

#98554 RE: roni1 #98544

It would be helpful to see an example of another company doing the same merger/IPO/third entity/new CUSIP scenario that you and others believe in.

I found documents by the same law firm that NFUSZ uses that have similar wording, and those weren't IPOs, so that leads me to think that the new CUSIP/IPO is not a very credible idea, BUT I would gladly change my mind - surely someone else has done this if it could be done, since the advantages are great.