Nope. That’s another load of crap, a fabricated smoke screen.
There was a share exchange agreement. It said that the preferred shareholders of EMGE would get KOAN stock. It didn’t say jack about the common shares of EMGE, and if there was any intent to do a share exchange for them, there was zero reason not to include it in the same agreement. They didn’t include it, didn’t say anything about it, because there is no intent whatsoever to do it. Those common shares got nothing. The only mention of the common shares of EMGE was on the very last page of the agreement where it spoke of the pending reverse split.
It’s really just that simple. Why would they not say the EMGE common shares would be exchanged in the same agreement they exchanged the preferred shares in?
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