I called FINRA OTC last week and layed out the scenario here as well as the scenario that JJ stated. They agreed with me that they had never heard of/dealt with a foreign private company acquiring a publicly traded company without a cash tender for the existing shares being done. They also could not envision a scenario of how such a transaction would take place (private shares for public shares). They told me that they would investigate the matter and get back to me. I have not heard back from them.
I would suggest that others might want to investigate the venue. It will probably expedite the process, whatever that process may be. If JJ is right and Milagros will simply move assets to another foreign corporation then it will expedite that or if Milagros is going to do this legally and go through FINRA then it will expedite that. Their telephone number is: 866 776 0800.
GLTA