Replies to post #87116 on Hiru Corporation (HIRU)

[freecs]

Misinformation. Strong first post. Not suspicious at all. Lol.

[puffadder]

Are you related to Golden Loss?

[Kool Aid Man]

Here's why I'm doubtful.....

1. Companies go public in order to raise capital to fund business activity. They do that by selling stock to investors.
DISCONNECT: 99.43% of HIRU's stock has already been sold or given away to insiders. CONCERN---

2. If there are no shares to left to issue the company is going to be forced to create more by one of two ways--

(a) increase the A/S and/or create new classes of preferred shares--
(b) pull a reverse split of the O/S combined with a disproportionately smaller "reduction" in the A/S thus resulting in more shares to sell

Both of the above dilute exiting shareholders

3. By going public new management is forced to share profits with all shareholders--even those whose money as squandered or stolen by previous management.

4. By going public new management is forced to spend time money to comply with reporting requirements to keep all investors informed. Any false reporting can lead to prosecution by regulators

5. By going public new management assumes all debts and liabilities ..or secret deals.. of previous management --whether disclosed or not

In light of the above I'm at a loss to see why anyone would choose to reverse merge with a problematic ticker like HIRU.

5. By going public new management is forced give up voting power. However, most sub-penny OTC tickers adopt ''super vote'' provision which

[work-n-hard]

The ONLY reason to go public, IS to raise capital by selling shares on the open market.
If they were going to just raise capital by adding money themselves, then there was no need to go public.

No offense, but that doesn't even begin to make sense.