|
Explain what, Randall? You recited a bunch of history gleaned from the filings relating to things that happened before Mr. Peacock arrived on the scene. There are two ways for a company to become public: a traditional IPO, and a "reverse merger" with an inactive public corporation. Often, these inactive corporations have gone through a number of incarnations and setbacks before they succeed in the hands of a new owner, with a different business. Eventually, as we see here, someone comes along, puts together a successful company and takes off. There may or may not have to be a reverse split, depending on how badly the previous owner screwed up the capital structure. Years ago, a friend told me to purchase stock in a relatively inactive company at 30 cents. I didn't at the time. A couple of years later that company, Mego Financial, was trading at $10 a share. He made 33 times his money. Yes, that's an extraordinary occurrence, but it shows it can happen. If you can sharpen your question as to what you would like explained, I'll try to help as best I can. |
