Now, from that I’m thinking they’re most likely doing a short form because if Lisa just became a director of RYSMF earlier this year, then it must of been because she wanted Ateba to own RYSMF as a wholly owned subsidiary, but I can’t find anything to confirm @ this point, so just imho based on timing of all this taking place. So back to why I think they’re doing a short form, article states:
Short form. Amalgamating corporations may proceed by short-form amalgamation if one corporation is wholly owned by the other (a short-form vertical amalgamation) or if the amalgamating corporations are all wholly owned subsidiaries of the same holding body corporate (a short-form horizontal amalgamation). A short-form amalgamation is completed by the directors of each amalgamating corporation approving the amalgamation and by filing articles of amalgamation in the governing jurisdiction. Shareholders of the amalgamating corporations do not need to approve the amalgamation.
So Lisa is Director of Ateba and Director here and here’s what I think is key snippet from the PR in August:
Pursuant to the terms of the Transaction, MSC will amalgamate with a wholly-owned subsidiary of Ateba, and Ateba will change its name to Molecular Science Corp. As a result of the Transaction, the Company will continue on with the business of MSC. Ateba has no commercial operations, no assets and minimal liabilities.
So we know 3rd company is wholly owned subsidiary of Ateba according to August PR and Lisa being Director of Ateba and just becoming Director RYSMF earlier this year, seems to be evident of RYSMF being the 3rd company to me imho...but @ this point all speculation but based on what I believe to be convincing DD imho
Why else would Lisa become Director of a shell just this year?!
If you read RYSMF description on OTCMARKETS, here’s what it states:
DESCRIPTION Royal Standard Minerals Inc. (the "Company") is a publicly held company focused on identifying suitable assets or businesses to acquire or merge with, with a view to maximizing value for shareholders. The Company was previously engaged in the acquisition, exploration and development of gold and precious metal properties in the United States of America but has disposed of these interests.
Seems to me that everything is in line with RYSMF being the shell MSC comes into imho...
So RYSMF becoming Canadian cannabis testing company???!!!! Seems to be the most logical and potential outcome to me imho, BUT once again just my speculation based on my DD which is all in my honest opinion, so there’s my 2 cents...
Time will tell, but I’m holding my shares super tight and I’m super excited about potential here...this is just too HUGE of potential imho to not have shares...way better than a lottery ticket imho