Robert,
Thanks for trying, but you really didn't answer the basic question on how a reverse merger works and who is paying who.
If you are correct that Ivy is paying cash to EUTO, then it would seem logical that their liabilities could be paid off with that money, without having to sell shares into the float. No, I don't know for a fact that they are, but based on the trading action and volume, someone is definitely selling millions of shares, and with the float increasing, it is a good possibility it is EUTO.
In regard to your response regarding the new shares in the float. Are you saying that a company management can just issue the new shares to themselves rather than the company, from the authorized, so that they increase the percentage of shares that they own to have a controlling interest? You are saying this is what EUTO has done?
Your response also implies that shareholders are going to vote on this reverse merger? Have proxies been printed and mailed out? Is there a shareholders meeting scheduled to take this vote? Also, if they were issuing shares to hold a controlling percentage, then they shouldn't be selling them into the float, which again, appears to be a strong possibility of what they have done.
You said EUTO's business plan got changed due to the law changing. If you are referring to the new regulations that BB companies have to become reporting companies to stay on the OTC, how did that affect a business plan to bring companies public? There are still other companies operating that do IPOs and bring companies public, even BB companies.
Sorry, but all of this doesn't make sense. If you understand it better, perhaps I am not understanding how you explained it.
Judith
P.S. If you think I am asking these questions about the reverse merger process etc. just to attack EUTO, please understand that I honestly do not know how this process legally works and am trying to learn something from watching this process. |
