Niostar is a sub. It is stuck to SRSR. Nio doesn't need to spin out. It needs to BE spun out. SRSR is the one doing the spinning they are the ones that need up to date Fins and they also need the CTO lifted which will be a feat unto itself.
ST and Nio can not be spun out until these things happen or Scott sells the sub to someone.(SOE) This is the reason I believe the deal is for 51% and also why the HKHE deal fell apart. The CTO will not get lifted until SRSR has done everything capable to be listed on the NASDAQ. That will never happen. Too much work to go through. HKHE was not buying NioStar. They were only investing in it. That would be way too scary for anyone with business sense.
SOE is buying SRSR out technically. We will no longer be owned by Scot or SRSR so we will be a brand new company able to file the proper paperwork to be a legit stock.
That should be the scariest part of this for the investors. Scott will be losing control. So anything Scott has ever said would be null and void after the transfer. They buy out Nio Star SRSR PPS should plummet. After all every asset and every dime the company has is in Niostar and it is being sold. NioStar is the stock here. And Scott says we will get a share. Well I personally never trust a contract I did not read or sign myself. Once this state owned enterprise is owned by the Chinese state what obligates them to any SRSR share holder? Scott's contract?
How can Scott make a contract that states SRSR gets a divi when FINRA wont let SRSR issue a divi?
I am hoping this all works out great in the end but I have no problem admitting that a deal like this is over my head. I do not know enough about the international securitys laws to feel secure.
I wish Scott would come out and explain what it is he is attempting instead of just announcing a typical JV. There is nothing typical about this JV. Have you ever seen a company gift all of its assets and cash to a Sub and then sell the sub, and the shareholders of the mothership got anything more than a cash amount for their shares??
I have seen companies sell out completely and pay cash for shares I have seen share swaps where share A is made worthless and delisted after the holders get share B of the buy out company.
I have never seen a company sell out a sub that holds everything and the parent stock continues trading like nothing happened or actually goes up in value by "losing" its assets
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