I've repeatedly ask the question of why Berman felt the need to buy a shell company. Couldn't he have purchased Cogosense privately and not have to deal with all the BS that surrounds a reverse merger and payoff of debt.? Maybe it has something to do with all the other legs of his holding company.
Quote:What you are possibly missing is there was inherited debt to also be paid. Remember, Steve negotiated down after he took over the company from over a million down to a little over 600k