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Posted On: 03/02/2017 12:13:03 PM
Post# of 2913
So here is what I think went down:
I think Vert bought SPCL (which was never technically a shell) to avoid some hurdles since this merger is not technically (by NASDAQs definitions) a true Reverse Merger.
Basically Caprino may have lent Vert 40 million dollars in assets in exchange for a couple hundred thousand dollars and a bolus amount of stock. This basically acts as an interest-free loan for Vert other than the fact that Caprino will be reimbursed quite well once financials are released. This (after Vert converts the assets to liquid gold) gives Vert 40 million in additional capital without doing an IPO.
Just some thoughts, but it kinda all makes sense if I explained it well enough.
I don't think Caprino just got swindled out of his business for nothing. I imagine any good lawyer would have picked up on that.
$D$
Mixtape comin in hot
I think Vert bought SPCL (which was never technically a shell) to avoid some hurdles since this merger is not technically (by NASDAQs definitions) a true Reverse Merger.
Basically Caprino may have lent Vert 40 million dollars in assets in exchange for a couple hundred thousand dollars and a bolus amount of stock. This basically acts as an interest-free loan for Vert other than the fact that Caprino will be reimbursed quite well once financials are released. This (after Vert converts the assets to liquid gold) gives Vert 40 million in additional capital without doing an IPO.
Just some thoughts, but it kinda all makes sense if I explained it well enough.
I don't think Caprino just got swindled out of his business for nothing. I imagine any good lawyer would have picked up on that.
$D$
Mixtape comin in hot
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