Replies to post #18206 on Empire Post Media, Inc. (fka EMPM)

[govprs]

??

[Bountiful_Harvest]

That's the million-dollar question, my friend. I really wish I had a clear-cut answer.

Saean "purchased control" of EMPM back in 2019 (per 8k), and still holds >64% majority of it's OS shares (restricted). As you know, they sure spent a lot of time/money "regaining control" last year. Since Saean won the lawsuit and regained that control via Court Order, I haven't seen or heard much of anything else regarding Empire Post. EMPM's officer list was never changed. - It's possible Saean didn't want to change the officer list until it was ready to go public, OR, if they planned to roll EMPM shares into another entity to go public? SEAN's (fka GPSI) officer list has also not been changed over to Saean's people yet. Per OTC Markets, SEAN has 700m AS. - So, it appears they have room to roll both EMPM and Saean Inc. into that.

https://www.otcmarkets.com/stock/SEAN/security

Based on rationale stated above, I "believe" (not know) they will still use EMPM. I don't feel Dr. Lee would leave any SAEAN investors behind - EMPM shareholders are in fact Saean investors. Just have to wait a little longer to see what the final merger results will be to know for sure.

Interesting excerpt from this week's PR:

Under its expansion plan, a sports EV model will begin limited production next year for the United States (US) market. The company is also en route to a listing on Nasdaq soon.

https://www.nst.com.my/business/2022/10/841394/epmb-saean-group-jointly-manufacture-evs-aims-20000-electric-cars-annually

--- So, perhaps we will know where everything stands... "soon"?