No, it means that Newbauer will be handing out preferred shares, to all his long time buddies.
Newbauer created a controlling block of preferred shares, which he claimed were for a reverse merger a couple of years back (another fail). Instead of returning the shares after that particular fail, he kept them, claiming they were still intended for a merger.
There is no merger. Now Newbauer claims these shares will be used for an acquisition. So what has he done? He's claiming that his old buddies are now in this MJ gift card business, even though all the websites are shiny and new, and there is ZERO past revenue, or any other kind of business going on (other than a pump n dump)
I hope you can see how this works now?
OH NO!!! You mean the CEO of the incoming company knows the Chairman of this company??? That means---wait--what does that mean? Thanks for the useless information.
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