I heard Luis Cota was mad about the valuation being leaked... he thought Daniel was the one who leaked it and I am guessing Elite made Daniel buy the shell off them for that reason. Elite got scared of the SEC and insider trading. I am the one who got the valuation from a private investor and put it out in my 32 page DD doc for everyone to see not Daniel. Maybe they did not know what shell Elite was buying and when I told the private investor months back in May I assume he loaded up shares. I am also assuming that said private investor was the one who market dumped 7 million shares at the bell on the Friday when it dropped to 1 cent because he knew news was coming out Monday about Elite not having a relationship with NGCG. I had no idea that me telling people what the valuation was would cause this deal to go south. There was so much more I had that I didn't release... (screenshots of conversations with private investors within the brand confirming the merger to me) but I did not release them because I thought those were the things to worry about with the SEC. But simply because of the valuation being leaked they backed out? Brutal scene of events if you ask me. Elite owned the shell, they were going public and this stock was going to go $2+ with a share buyback (they are a very cash rich company). But now that is all gone... now we wait on Daniel to find someone else. Sorry guys, I cannot believe this all happened. Elite let down a great group of shareholders here. Hopefully Daniel makes it all worth while for us. GLTA.
- Walter White
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