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Shelly Tradez

09/09/20 3:24 PM

#5981 RE: Shelly Tradez #5980

After that decision was made, the next step was to find the right vehicle and construct the right way to acquire it. We wanted to avoid the potential landmines that frequently hinder a new entity's growth in the market. One mistake that often occurs is to allow the sellers of the target entity to retain a significant amount of shares in the combined entity. Typical deals can sometimes leave 5 to 15% or more in the sellers hands, leaving them shares, with a zero basis that can eventually be sold in the market and can potentially hurt the Company. We paid cash and acquired beneficially, approximately 100% of the fully diluted outstanding equity securities of the Company and approximately 100% of the voting rights for the outstanding equity securities. We left nothing behind that can hurt us.
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resx18

09/09/20 3:29 PM

#5990 RE: Shelly Tradez #5980

Coiled up and ready to pop