Posted On: 09/09/2013 3:30:04 PM
Post# of 17653
I've been giving a lot of thought to the DUTV/TORQ merger. Although DUTV has merged with TORQ they have not yet (as of May 31, 2013) released any 'payment' (167 million shares of stock) to the entity who sold TORQ.
If TORQ was still generating revenue after the merger, the fact that no transaction has occurred sealing the deal (167 million shares transferred) could mean a grey area for TORQ's revenue. If you're following me maybe any revenue they generate now that they are merged with DUTV stays off the books until the shares are handed over and the deal is sealed.
That doesn't mean cash isn't flowing but it may mean that cash isn't showing. I don;t know if this is legal or if it is what is happening but I just wanted to put that thought out for folks to comment on.
Does anyone know if this could be legally possible?
If TORQ was still generating revenue after the merger, the fact that no transaction has occurred sealing the deal (167 million shares transferred) could mean a grey area for TORQ's revenue. If you're following me maybe any revenue they generate now that they are merged with DUTV stays off the books until the shares are handed over and the deal is sealed.
That doesn't mean cash isn't flowing but it may mean that cash isn't showing. I don;t know if this is legal or if it is what is happening but I just wanted to put that thought out for folks to comment on.
Does anyone know if this could be legally possible?
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