I don't think a private firm would go through the trouble of reverse merging into a public shell if they truly have no value, prospects, or plan ready to go. I also doubt Belmont Capital would sell to a firm with no value or plan already in motion either.
Don't put to much into a the initial PR, they always air on the side of caution and are as negative as possible. Looking at the site they've put up I would say they probably have their stuff together but only time will tell. I bought a small position today to compliment my main shell.
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