Shell sold to Stephen Carnes. Nothing has happened. Dead.
Lots of shells go by the wayside.
IFAN could be another one. Lot's of expectations, but when 8 Mile Larry comes out of the woodwork, I'm sure a ton of investors will dump the stock hard.
All evidence is that Larry J Williams II, who is the new owner of the shell, who lives in Detroit, has multiple businesses, registered the new startup with Spacelab in Detroit, which is the address listed on OTCM.
Here is the most likely startup:
About WILLIAMS III INVESTMENTS, INC. Legal entity WILLIAMS III INVESTMENTS, INC. is a business company registered in Michigan with the business ID "802310886". This business type is "DOMESTIC PROFIT CORPORATION". This business was created on "05/02/2019". Current resident agent is "LARRY WILLIAMS, II". This business registered office address is "15101 WEST EIGHT MILE ROAD DETROIT MI 48235".
Business Information Business Name: WILLIAMS III INVESTMENTS, INC. Business ID: 802310886 Business Type: DOMESTIC PROFIT CORPORATION Incorporation Date: 05/02/2019 Jurisdiction: MICHIGAN Act Formed Under: 284-1972 Total Authorized Shares: 200 Registered Address: 15101 WEST EIGHT MILE ROAD DETROIT MI 48235Other records by this address Mailing Address: 19388 WARRINGTON DR DETROIT MI 48221
Yet again you’re mentioning shells who haven’t merged. Also, yet again it’s probably a company worth well over $50m but it’s a Chinese company that might never merge because of the Chinese regulatory changes. I believe that one also never became current so it’s not even at the same point situationally as IFAN.
In spite of all that, it’s still a way better company than 8Mile. Again, not what we are looking for.