Replies to post #15469 on Majic Wheels Corp (MJWL)

[Perfectson]

Do you mind posting in specifics and not generalities.

1) The business agreement has to come from OTEC, they are the SPAC and hence the "purchaser" . They both were seeking this type of deal and again OTEC was up against the wall - the other business combination fell through and as everyone can plainly see the investors were ready to liquidate the company. This is a desperation / last ditch effort by OTEC management to salvage something for themselves, while I do not believe this deal is wholly in the best interest of the shareholders, they will make their feelings known soon. But they have to be shaking their heads.

2) there are several of the combination exhibits that MJWL has not made public and are hiding behind SEC disclosure rules. Things like the capitalization structure and beneficiaries of the shares etc etc.

3) What stamped audited financial are you referring to? Be specific.