In my opinion, Next week they announce the LOI has been consummated. This Reverse Merger deal will need some house cleaning for sure. They all do. They should not get too deep in the weeds promoting the Company’s potential till the name/symbol change. I mean it’s good to build the launching pad for that now, but the good stuff will continue all through 2022.
The Directors are your old control block holders. There are 3 of them AND their debt. Everdime will absorb the debt and own 80% control of this shell at that point. The tweet tells me they probably inked the deal today. They have 3 days to make a material event public. Your not going to get an 8k, but it will be given.
I’ll have to look if they filed the Form15 years ago while being a shell. If so, expect to see the Form10 that they will become fully reporting. It’s all house cleaning chores till this opens on the OTCQB.
From the past Q reports. The hint was out there. The company entered into a comprehensive purchase/sale/exchange agreement with Everdime Technologies, Inc. The agreement, signed by the parties on November 8, 2021, essentially tracks the terms of the Letter of Intent announced in October: Everdime’s shareholders and finance partners will purchase or be issued shares equivalent to 80% control of RGST in exchange for 100% of Everdime’s shares. As part of the agreement, Everdime and RGST will settle all of the Company’s outstanding debt by a combination of stock and Everdime tokens, which it expects to create and post on the Ethereum blockchain in the next 180-days. The parties expect to close this agreement, making the called-for issuances and transfers, on or before December 15, 2021.
And this tweet today says volumes that it’s no longer a hint. I hate LOIs, but a low float shell that survived the 9/28 drama said this LOI had potential to have potential one day.,5m @ .15? No brainer lotto ticket. I hold over 30 other R/M shells and would love to get this level of confirmation in each next week.
I would expect to see Audited Fins and an exchange upgrade to OTCQB very soon. 90 days Big Board push can come when they want. I’m thinking this can be a solid $3-5 stock in the next few weeks.
After the LOI becomes reality, I’d love to see all those Restricted shares swapped out for a Preferred class of ultra vote shares, then retire every restricted share back into the Company’s treasury. This gives a clean O/S # equal to the Float. A more true Market Cap can be realized. That can only come after the control of this shell has closed….pinch me.
Imagine a Market cap of price x Float today? I’ve counseled and begged many Shell CEOs to do this in my time. When it comes to R/M shells, insiders dump their restricted shares, they lose control of the shell. Who wants to do a shareholders meeting everytime they need to pay a bill. Once the R/M is done, there is no reason to hold restricted shares in the SS. It’s stupid. So we definitely got that to look forward too.
What kind of Audited Value can you put on Everdime today? I got no idea., This is why EN&GA will continue to run.
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