Let's hope it is they are working on a reverse merger.
FYI, some info on JLEO
John C. Leo is the managing member and founder of Venture Capital Partners, LLC, (VCP) a private equity investment and consulting firm. He is also a member of the General Partner of the Strategic Alliance Fund, which manages an investment partnership. Mr. Leo was the founder and previously the Chairman of American Union Securities, a New York based investment banking firm from its inception until the sale of his majority ownership which took place in March 2007, and he is currently the Chairman of Primary Capital LLC, a New York based investment banking firm with a core focus and expertise in reverse merger transactions and private placement financing.
Strategic Alliance Fund, LP (the "Partnership" the "Fund") is a Delaware limited partnership organized in November 2005. The Partnership is managed by its General Partner, Strategic Alliance Asset Management LLC, and was organized to provide financing to private companies that have agreed to enter into merger, share exchange or share acquisition transactions with publicly traded companies (commonly known as a“reverse merger”) or become a publicly traded company through other means such as self-filings or direct public offerings. The Partnership may also acquire a controlling interest in one or more public companies that have minimal or no definable operations at the time of the acquisition with the intent to use these public companies as a vehicle to initiate a reverse merger or business combination transaction with a private company. The Partnership’s investment focus is not industry specific and will invest in companies that meet the Partnership’s requirements for financial performance, management expertise and companies that the General Partner believes will outperform intra-industry growth rates and provide superior returns.
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