That is not a true blanket statement. I have seen multiple reverse mergers where the incoming company has to assume the debt of the shell they are merging into. I have seen some shells with high debt get taken over, tried to go through BK process and the old debt holders would not negotiate with the new shell owners. The new shell owner then dropped the shells like a hot potato.
BULLSHIT, Read the report. Then read the ZHUD report! Compare the two of them. I'm not saying the ticker you are talking about is a bad choice. But I am saying that ZHUD is 100X better!
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