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40MERC

05/19/19 6:34 PM

#67933 RE: WarMachine #67932

Big Guns or Pea Shooters? Anything will help IMO
GO SSOF/665

Ksweets101

05/19/19 7:52 PM

#67934 RE: WarMachine #67932

What “the big guns” where you promised ? Are you talking about my post? Or did the company send some fresh info?

SSOF

wadirum1

05/19/19 8:47 PM

#67940 RE: WarMachine #67932

SSOF isn't just a shell. It is a debt-encumbered shell with a checkered history.

People are going to get all hopped up over the next acquisition. The problem is that people forget that any acquisition worth acquiring must be paid for. In most reverse mergers, existing shareholders get heavily diluted, as massive blocks of stock get issued to the company being acquired. For PROW/MBHC/MMHC/SSOF, the ticket has been the A-1 shares (which have the power to dilute common shareholders 5 to 1). They certainly don't have any cash on hand or ability to raise money. The problem is that at least some of us here believe that Ken Bland will never really give up his A-1 shares. He might park them somewhere temporarily. But unless he really does a binding deal, then the mergers are destined to get rescinded.

If a company really wanted to do a reverse merger into a shell, why wouldn't they pick one with a clean history and zero debt?