Ok, there has been a lot of confusion about this stock and I'm posting here to try and clear some of this up. In case you are wondering I am Michael Wayland, Public Information Officer for Amstar International and Amstar Mortgage. For verification feel free to email me at pio@amstarmtg.com.
First and foremost Amstar Mortgage is a private company that expects to complete a reverse merger with POFG, a publicly traded shell. We expect to go before a judge of competent jurisdiction for a fairness hearing pursuant to 3(a)10 of the Securities and Exchange Act of 1933. The first press release was put out to announce to Amstar shareholders that Amstar had reached a definitive agreement. The first press release was the responsibility of POFG. Amstar International Is NOT and has NO affiliation with Amstar Financial Services, AMAF.PK.
Also another big source of confusion is today's press release. It was obviously not well written; I had nothing to do with this. However I would like to clarify the PR.
First the order of events should the fairness hearing be completed and the merger complete.
There will be an 80-1 reverse split of POFG stockholders
POFG acquires Amstar
Current Amstar shareholders will receive 96% of the new company’s shares (on a 1:1 trade based on the current number of Amstar shares owned)
After the transaction is consummated, approximately 19,312,000 shares of common voting stock will be outstanding in the Company, of which current Amstar shareholders will hold approximately 18,562,000 shares.
Amstar is thankful for the interest in its future stock possibilities and hopes to have you all as Amstar International Shareholders soon.
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