I think it's pretty clear he doesn't have a merger candidate, and he's not looking for one. Otherwise, why would he pigeon hole the shell into a blockchain sector and give it the name way back in 2021? Seems clear to me he's just trying to capitalize on the current trend, just like most stinky pinky CEOs do. If he was honest in his intention to bring in a real merging company, then he would make the shell available to any valuable business that is seeking to reverse merge. His only job really, as a custodian of a shell is to sell it to the best prospect.
Why would he go to all the trouble with FINRA to do a name change, symbol change, when that's something the incoming company could do? So, I don't believe there is a merger coming. Common sense suggests if there really was a highly valuable target, let's say something in the way of $500M revenue, then he would not hesitate to sell it, knowing he'll make his money in the sale and the SP increase.
It appears to me to be a no-rev, startup, holding company run by Georgie "seeking" acquisitions in the trendy blockchain sector.
it seems pretty obvious that there was never any long term plan here. money was made and now maybe he can turn another trick but he's just been kicking the can down the road ever since he allowed it to go EM. that bought him a LOT of time. ;-)
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