So which is it? IPO or reverse merge?
With an IPO you go through all kinds of red tape and get listed publically. Your company is appraised by companies who broker the IPO and your share structure and offering price is set accordingly.
With a reverse merge, a private company buys an empty public shell by pruchasing 90% of the public stock. It then gets a new ticker, name change to better identify the new business and empowers new managment. Oh, and then there is usually some sort of change to the existing share structure of the shell that enables the new company to raise funds. If you know what I mean.
When was EFGO ever an empty shell? I'm only asking because we are apparently sticking to literal meaning without any interfearance of common sense.
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