This was to be a reverse merger, with no reverse split. The news release was consistent with that, and more details are to be released soon. ME moves into their new offices June 1, and I suspect we will hear more details later this wekk.
The 200M in assets is still in the ground, so you have to discount it by the cost of getting it out. However, as the CEO says, it may be in the ground, but it's not going anywhere. Those are real assets, including gas, coal, and minerals. And that is just the initial portion of the acquisition.
I get the feeling from your question that you find this too good a deal to believe, so what I suggest is you call the company, as we have, verify the information, and let us know what you find. |
