Replies to post #79621 on ProText Mobility Inc (TXTM)

[Murphydog25]

I'm not sure why you take ihub posts so seriously at this stage? we know a merger has taken place and everything till explained is Speculation and that goes for what your saying as well until we listen to the CC we are in wait and see mode and if people are bullish or bearish about this stock it doesn't matter until we are told how the merger will work and what the plan is going forward!

Me personally I feel happy for people some have made good money off this stock in a volatile economy trying to get all technical about this merger until the facts are known is more about manipulation than being helpful......

[trademax42]

In a reverse merger, the incoming private company owns the controlling interest of the public company. Standard practice. When its done via issuance of preferred shares, it's all good for the shell shareholders. Look around to see how other reverse mergers were structured.

As for an example, look at how TSN*P/HMB*L reverse merger was structured. Clearly the preferred shares were issued in that reverse merger.

On December 3, 2020, HUMBL, LLC (“HUMBL LLC”) merged into the Company in what is accounted for as a reverse merger. Under
the terms of the Merger Agreement, HUMBL LLC exchanged 100% of their membership interests for 552,029 shares of newly created
Series B Preferred Stock. The Series B Preferred shares were issued to the respective members of HUMBL LLC following the approval
by FINRA of a one-for-four reverse stock split of the common shares and the increase in the authorized common shares to 7,450,000,000
shares, and 10,000,000 preferred shares.

https://www.otcmarkets.com/otcapi/company/financial-report/326036/content

[Paul Brentjens]

I suggest you reread the pr. It's all in there. They come together.
"RSAMMD in Joint Venture with Leeds Boerdery, cultivated hemp and cannabis crops this past season on a combined 1000+ hectacres."
And
"it has closed on the acquisition of Protext Mobility, Inc (OTC PINK: TXTM) (A.K.A. Protext Pharma) in a share exchange whereby 100% of capital stock in RSAMMDA.LLC will be exchanged for Preferred Stock in Protext. RSAMMDA.LLC. is a jointly owned company focused on acquistions with two principals, Mr. Dylon Du Plooy and Dr. Ahmed Jamaloodeen (“Dr. J”) who represent the South African business entities of RSAMMD and Leeds Boerdery. "

And look up on the net what preferred shares do in such cases (mostly blocked for a period of years). Common practice in simular cases.

[BeamMeUpScotty]

Here’s the supplemental report filed the other day that answers your questions sunshine!


https://www.otcmarkets.com/otcapi/company/financial-report/337759/content