RE: Who's reverse merging into who? A theory....
From the Raging Zoo thread...
By: ztect002
Reply To: 76572 by topfuel
Wednesday, 7 Jun 2000 at 9:20 PM EDT
Hey Top Fool, I clicked the thread before logging on so I
get the opportunity to respond to one of your puerile posts.
But Top Fool, I've tired of refering to you
as Quixote, so I've nick named you some one
more contemporary and less quixotic
So Caufield, still standing in rye fields trying
to catch the kids from falling over the cliffs?
Since you haven't stopped the merri-go-round
and prevented anyone from falling while reaching
for the golden ring, let me clue you in on something.
General Search most likely after assessing how the
IPO market has cooled down especially for Internet stocks,
decided to reverse merge into a synergistic company
in order to get listed on a market with the
anticipation and financial backing of the IB
(who I no longer necessarily conclude is LT but may
indeed be LB instead) to get a Nasdaq listing
through the restructuring of the capitalization
aka consolidation aka r/s.
I'm calling this a reverse merger, becuase (1)a private
company is using a public one to facilitate listing
and underwriting (2) GeneralSearch is controling
and getting the most shares. (3) RG after consolidation
of shares and warrants will only beneficially own
4.4 million shares or 6% of the company. His
voting power in whatever capacity on the BOD is severely
reduced. Much to the thread idiot's delight, RG will
most definitely have a less primary role. May even
relinguish CEO and COB status to CEO of General Search.
Here's is where I was fooled. I thought tsig was
going to reverse merge into a Nasdaq company "a shell"
to expedite and circumvent price requirements.
Where in fact and in theory tsig is effectively
"the shell" that General Search is merging into.
Not only is this exactly what Rare Medium, a private
company, did to get listed on the NASdaq, this is very
very similar to the arrangement Soros did with RG,
when Soros "effectively" purchased Phoenix.
At that time Phoenix bought a company that Soros
owned with money ie. financing from Soros.
I'm not sure if this is making any sense to any one
else, but it is starting to make an whole lot
of sense to me.
Have a good night all.
Sincerely,
z
(spellin' not checked) |
