Replies to post #6152 on Empire Post Media, Inc. (fka EMPM)

[dshade]

precisely

[huxley]

we don't know it yet. Remember the process as follows:

1.Public Shell creates a wholly-owned subsidiary

2.Stockholders of Private Company A negotiate with the controlling shareholders of the Public Shell in order to merge with the subsidiary

3.Private Company A merges into the subsidiary, with the Private Company surviving and shares of Public Shell issued to shareholders of Private Company A •Simultaneously with this transaction, the Public Shell can also conduct a PIPE (private placement) •A financing occurring simultaneously with (or immediately subsequent to) a reverse merger is referred to as an Alternative Public Offering

4.Private Company A becomes a wholly-owned subsidiary of the Public Shell with the controlling stockholders of Private Company A (and the PIPE investors collectively) usually owning 90% or more of the Public Shell and the shareholders of the Public Shell owning the remainder •Private Company A’s management team becomes the directors and officers of the public company

It might be a formality move. Lee might come from the private company and become an officer of the new public company again after the merger..

Filings will tell