Dan,
This might have some aspects of a reverse merger to your point, but traditionally, a private company would not do a reverse merger with a company that has debt., financial obligations, intelectual properties etc.
If they wanted to go public just to go public they could have done it with a shell company with zero debit and zero obligations. They wanted certain aspects of Phoneguard, be it the Aon deal, Justins endorsement, Motorola etc.
I personally think Frohman is the next one to go and it completely legitimizes this company. This also is going to give Phoneguard the financing to execute on the consumer end, they can turn over their Fleet contracts to the better suited product and also incorporate the battery saving IP into Phoneguard which is a HUGE deal IMHO.
What we need details on is how and if the S/S will change and how it effects us. No matter how you slice this it adds substantial value to this company.
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