Replies to post #22393 on Astika Holdings Inc (ASKH)

[puffadder]

Waiting for 2023 may indeed be a factor here .....

I firmly believe when Deng was brought on they already had the partner identified - I just don't believe he was contacted and made "GM" just to track down a candidate.

As we see with NBLD today the merger arena is still be best game in town.

The 2023 announcement period does make sense. That would bring a recent completed year in to the audit process. Years flown by so quickly I forgot about that aspect.

[NewJerichoMan]

You could argue the flip side, that private companies looking to reverse merge will feel urgency and bid up shells, but I don't think so.

If the shells do go caput on March 28th-ish, how will these private companies ever go public then? The vast majority of shells will be gone and a traditional IPO is tedious and costly. High interest rate environment with increasing regulations, if one is going to do it, now is the time.

Decent argument to be made that both sides of the equation have leverage.