You can do some research on Reverse Mergers on the internet to gain more insight. Basically it is when a private company wants to go public and they do that through the reverse merger instead of an IPO (Initial Public Offering). Many factors come into play during the process like AS (Authorized Shares), OS (Outstanding Shares), the value of the company wanting to go public and the list goes on. Many here believe this will be a ten bagger (10X)while others are thinking 5 to 10 bagger. If you look up some examples of Reverse mergers, the increases can be phenominal. Some have gone 38,000% (380X). Wouldn't that be nice! I was just reading about that one. It went from .03 to $35.00!!!!!!! My personal believe is that this will probably go to .07, but that is just a guess based on the AS, and OS as well as many people here who are holding onto their shares which will make this more valuable. Someone posted "The power of reverse mergers", which was a list of a bunch of companies that had incredible gains. I couldn't find that post, but maybe whoever it was will read this and post it again. Good Luck!
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