Can't be a reverse merger because management said there would be no new shares. Any big company would take an amount of shares that was equal to the difference.
If the takeover was with a company with 10 times the assets they would end up with 10 times the shares of the current GNCP holders. There are 1 trillion shares when the preferreds are converted. Current common would get maybe 2% of the 9%. or 0.18% of the shares. The new holders would get 10 trillion, preferreds a trillion and common the current 21 billion for a total of 11.021 trillion. A 100,000 to one reverse and you have a reasonable 110.21 million shares with a dollar a share price.
IF you don't think it works this way explain how you think it works.
It doesn't work in a way where the people without assets and looking for them (you) get assets and money for free; and the other people give you assets and money for free. I would hope that is obvious.
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