My guess as to what is going on is that they are going to issue a few shares in this new entity and then merge it into SSOF. If so, the real risk to holding SSOF would be the haircut if they do a big reverse split.
Remember when Bland proposed as reverse split for SSOF when it was supposedly an oil patch company? He was going to merge that 10sion company into SSOF and basically wipe out common shareholders. I'm not sure why he didn't, but the share price tanked when he proposed the move.
My guess is that Biologx is going to reverse move into SSOF after a 10000 to 1 reverse split. If the announcement tanks the share price to 0.0004, then 10000 to 1 would bring it up to $4, as in the prospectus.
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