Replies to post #4734 on Kasten Inc. (KAST)

[GetSeriousOK]

I think the Clark County court doc is a combined update for all three of the Acropolis custodianship tickers (KAST, KATX, LLBO)

And the ticker waiting for the audit is LLBO.

RE: KAST shares being cancelled..... doubtful. Would have happened by now, IMO.

That aside, of the three custodianship tickers, KAST is easily the most attractive merger shell of the three. Even if Acropolis only manages to sell one of the three shells, KAST is by far the best bet, IMO. Acropolis had a merger deal for KAST on the table last year but it fell through...

The one red flag here is that convertible note. The 62.5M O/S is as of 08/04/2021 so it's not clear whether they have converted any yet or not. I didn't bother trying to contact the T/A because I think Acropolis would wait to convert the debt just to keep the shell looking shiny.

If the merger partner pays off that note without converting any of it, then Huzzah. But if Acropolis converts any or all of it at .0001.... ugh.

Wish Acropolis was more transparent. Me and everyone else.

Cheers!