You should include the date of this opinion by Professor Brainiac since that’s also relevant. When I read this, the circumstances and references feel dated to the COVID trading era when everyone was a trader and receiving free government funds.
I don’t agree with this opinion and feel that many of these Reverse Mergers with clean shells, especially in the OTC, are more or less a share selling scam. I’m seeing interests mainly for the liquidating of shares owned by insiders from the previous dissolved company and an interest to front load during the custodianship.
Also is this “Frank” reference to Frank at TP&TW….