If Fleaux was the means of revs and it’s not involved anymore....what are they doing to make money? Paid off debt (supposedly), said name change could come if they merge with a company...if it looks like a shell and acts like a shell...
My concern is this. Deregistering/not being an SEC filer. I get it though. Making little or no actual money would put them in the red with what it costs to maintain that status. I’d expect a company with a strong commitment to increasing shareholder value to give shareholders that transparency and file
obviously this isn't technically going to be a shell. That's why I said it will basically act as one. They are driving down expenses and will have limited if any revenue coming in with the sale of their primary operation. Main goal will be merger or an acquisition.
With that said they will be pretty clean with good share structure and no convertible debt on the books.