A stock reverse merger is a way for a private company to become public by merging with an existing, often dormant, public company, allowing the private company's shareholders to gain a majority of the combined company's shares. This process is often faster and less expensive than a traditional initial public offering (IPO) but carries risks, such as potential liabilities from the public "shell" company or inexperienced management unfamiliar with public company regulations.
In every reverse merger, there is a contract wherein the company "being acquired" agrees to the acquisition with the clear understanding that current management (Eddie Vakser) will ''resign'' and the ''acquired company'' will take over management and ownership of the ticker!
Until recently BDGR was the epitome of a broke, "dormant, public shell" by virtue of it rotting at 0.000001 in EXPERT MARKET purgatory. Eddie hadn't filed a disclosure for nearly TWO and a HALF YEARS (4/6/2023)
Enter Bon Haldar who clearly wants to take his trucking middleman company public. Suddenly money is available to start making overdue filings and repeatedly ''amending them.'' The last time this happened was when Eddie agreed to a reverse merger to turn over his TDEY to his longtime "BIG APPLE CONSULTING" scam lawyer/ toxic financier Jonathan D. Leinwand (aka Mastiff Group LLC). Leinwand wanted to take his DASA PROPERTIES public --and Eddie likely owed him a big debt-- so TDEY "acquired" DASA as announced here-- https://www.prweb.com/releases/3D_Eye_Solutions_Acquires_Real_Estate_Group_Seeks_Additional_Real_Estate_Acquisitions/prweb15634841.htm
Leinwand's DASA took over and changed the name and symbol from TDEY to JMDP followed by a 1-for-50,000 REVERSE SPLIT. After Leinwand destroyed TDEY bagholders with the epic R/S he soon reverse merged it with another company ($SLDX) where you can still see all of the TDEY disclosures and news
FYI-- SLDX closed at 0.0251 today. Sounds great until you realize it's the equivalent of a TDEY pre-R/S price of 0.000000507 (SIX zeroes right of the decimal). That means 1 BILLION (a thousand million) shares would be worth $507. That's what I mean by wiping out bagholders