Replies to post #19086 on Angel Acquisition Corp (fka AGEL)

[blue dog]

Okay, please no-one take this post too seriously, because I am still very confused. The news says that this went down per a previously announced plan of merger dated 10/3/2011. I clearly missed that announcement, but the 10-Q dated 10/14/2011 talked about a reverse split:

On August 2, 2011, the Company filed a Certificate of Change with the Nevada Secretary of State in order to effectuate a one for fifteen thousand nine hundred (1:15,900) reverse stock split (the “Reverse Split”)

If that is the previously announced plan of merger, you take your AGEL shares and divide by 15,900 then multiply by $9.75. That really cannot be, however, because my $2,000 would have become $12,264.15. I consider that somewhat unlikely: basically, it would mean that AGEL was a five-bagger.

Too funny if true; very unlikely to be true...