Replies to post #18295 on Angel Acquisition Corp (fka AGEL)

[wdaubie]

I do agree!! Agel has more potential than most can see. I am a long holder here and say Nasdaq here we come!

Go AGEL$$$$

[snowgeek]

HA! Had to much Chimay before that post! :) I had two thoughts going at the same time and the math that came out was wrong. 60% of 8 billion O/S is about 4.2, but $600000 at .0001 is 6 Billion share which is actual more than 60% so it must be figured in at higher than .0001.

LOL @ myself, losing battle once it goes to the head.

[blue dog]

I wonder how the conversion works. Does a unit get exchanged for an authorized share (i.e., increase the amount of shares outstanding), or does the company hold or buy back shares to give to Gate (i.e., without increasing the amount of shares outstanding),, or what?

[Anjango]

Correct me if im wrong.. I been in one reverse merger. And after the exchange.... the new company bought up shares of the company i was in using shares of their company.

Gate/PRU/AGEL News came out in March.... Steve told someone they would be very happy in 6 months .... 6 months from march means September right?? I see some sorta share reduction and im seeing it for the BEST.. even though i been burned with reverse mergers i only see this stock going up with a reverse merger and GATE buying up shares.

This also makes the resignations make sense. I cant be CEO of one company and buy up all shares of another company that im also running. To my Investors it looks like a big conflict of Interest.