We had a reverse merger. Here is the definition... A reverse takeover occurs when a publicly-traded smaller company acquires ownership of a larger company. It typically requires reorganization of capitalization of the acquiring company.
In the event that the larger company is not publicly traded, the reverse takeover results in a privately held company becoming a publicly held company without going the traditional route of filing a prospectus and undertaking an initial public offering (IPO). Rather, it is accomplished by the shareholders of the private company selling all of their shares in the private company to the public company in exchange for shares of the public company.
Pretty scary Soapy. You can have so many people in a state of denial. That's how fools and their money and fools and their freedom and fools and anything else held precious are soon parted. Scary, real scary.
IT'S AN R/M WITH AN R/S!!! Anyone who can't see that, please get some help.
Anyway, our hopes are now pinned to a Chinese 7-11 with too good to be true projections. Go Good Life!
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