I am great in math. And in logic. There's no reason whatsoever for a company to merge into a shell and then start buying the equity back when they can wipe it off the books for free. None. Why in the world would they "go public" other than to raise money by selling equity in their company (ie - not buying it)???
No company is going to give their ownership away to the bagholders of a penny shell, and then buy that ownership back from them. That's ridiculous stinky pink fluff.