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1jas

04/23/24 12:03 PM

#5044 RE: powerbattles #5043

thanks PB. That does give shareholders a rare type of forward split. definitely doable. could even help start to change the landscape of how companies USED to work for their investors a long time ago.

paulie c

04/23/24 1:52 PM

#5046 RE: powerbattles #5043

More BS from Krome. The increase is so they can take into account the pref that could be converted. The EMGE COMMON SHAREHOLDERS WILL HOLD ZERO KOAN. In short the lemmings got stuck with a POS shell and The Wholistics co to make it look as if there is value.....its a damn shell game the felons are playing and KOAN is the new vehicle for the pref holder only.

Gatorca

04/23/24 2:12 PM

#5048 RE: powerbattles #5043

Pb The Pmpg merger you're talking about, did it start couple months before dec 2020? When I look at their chart around dec/jan 2020/21 it went to about .15 from ,, .003 sept 2020 here.. but went way back down for whatever reason 2022.
https://ih.advfn.com/stock-market/USOTC/premier-products-ce-PMPG/chart/real-time

It looks like it did start around Oct 7,2020 when I looked it up on twitter x .
Not thinking of course this would go that high but few pennies at least would be great :-)
Not replying to any of the bashers chit people either like the one here now lol.....

pinkslipjunkie

04/24/24 10:04 AM

#5053 RE: powerbattles #5043

Indeed the 14C was filed April 22, 2024: https://www.sec.gov/Archives/edgar/data/897078/000149315224015522/formdef14c.htm

Speaking from my own perspective and experiences with reverse triangular mergers, one example I can recall is PMPG. They utilized a 251G process in Delaware to absolve previous debts during their merger with HVMC. PMPG emerged as the surviving entity in this triangular merger, with shares issued at a 1:1 ratio.

The recent increase in authorized shares from 200 million to 2 billion for KOAN suggests that they are preparing for a common share exchange. Additionally, we are nearing the completion of the 251G process. KOAN, as a shell company, has no revenue and tangible assets, making it challenging to assign a definitive value to its shares. Despite this, it currently trades at around $0.04 per share. On the other hand, EMGE, trading at $0.0024 per share, boasts tangible assets and revenue. Therefore, a 1:1 exchange ratio similar to the HVMC case could make sense from a management perspective. Such an exchange would offer long-term shareholders the opportunity to acquire EMGE shares at a price equivalent to $0.04 per share, potentially adding GREAT value to their investments, truly life-changing for many long-term investors like us. Imho.