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skitahoe

03/08/24 1:31 AM

#42004 RE: iamthe walrus #42003

I certainly hope you're right. I've got to believe that current shareholders will have less than 50% of the equity in the company after the merger, but it can be done without an R/S if that's what they choose to do. It could involve preferred shares that don't vest for some time, so they don't exceed the currently authorized shares. The thing is, 50% or less of something good may be better than 100% of something fighting for its very existence.

The other question might be, will anything happen with our battery technology that adds substantial equity before the merger actually occurs. That could dramatically change the way the merger will finally be structured.

Gary