As I look at this is as follows /
Lucky Chief ( assets ) were NOT audited when they went into Demand Brands
2021E EBITDA they ( DMAN ) stated of $ 25 million could NOT be justified based on no audits and track record audit to go by
At that time the stock price went over .04 / share based on No Audit, just wishers hoping
If this transaction closes, AND the PCAOB AUDIT confirms the transaction is bona fide and AUDITED there is absolutely no reason this should not trade above .05 at minimum
Share exchange calculation determined based on audit numbers but with the honeycomb graphics of DEMAND ( new Companies / holding company coming in ) presentation released yesterday pretty much EXACTLY the SAME as Demand Brands I believe this transaction WILL take place within weeks
As days pass each day until the closing or bona fide news release vs Twitter attacks on DMAN from disgruntled past personal insiders shareholders possibly with other motives it seems like a STRONG BUY based on Friday’s close , and if weak at any points along the way even a stronger buy