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underdog150

09/10/13 7:17 PM

#41809 RE: Rich #41808

Why would they relist?? In case you didn't notice, they sold off their remaining assets. Good luck with any dreams of relisting you still have.
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sadly, you left something out...

become a public company and relist its shares of common stock on a securities exchange

So, tell me again that it can't or won't relist.
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GatorTex

09/10/13 10:29 PM

#41814 RE: Rich #41808

Sadly, you left something out...the get out of jail free card.

What a screw job.

There is no assurance that the Company will be able to (a) locate a suitable target entity for an acquisition, (b) negotiate and enter into an agreement on acceptable terms to purchase an operating company or consummate any such acquisition and (c) complete the process to become a public company or, if the Company becomes a public company, that it will be able to satisfy the listing requirements of a securities exchange. Additionally, pursuant to the definitive documents underlying the Transaction, the Company agreed to maintain a minimum net worth for a period of time after the closing of the Transaction and the Company may be required to use a portion of the proceeds from the Transaction to satisfy this requirement.