Your critical input is very important. Thank You. I'have been a shareholder for 4 years now. So i really know what's going on.
There are many ways to become a public company. They decided to do it with a Reverse Merger. It's faster and cheaper then an IPO. Price GOODWILL: (2,131,648)! Till the end of the year Ex-CEO Harry Masuda is engaged as a consultant to sell his technology at least that price!
The Company has and will continue to use significant capital to manufacture and commercialize its products. As a public company they have to sell shares - thats normal!