Reverse merger with a shell company. The topic has

Reverse merger with a shell company. The topic has been raised elsewhere as to why a private company like Future Intermountain Orient - with revenue of $30M per year - would want to do a reverse merger with a dormant shell company.

From Investopedia:

"Reverse mergers are often the most expedient and cost-efficient way for private companies that hold shares that are not available to the public to begin trading on a public stock exchange. Prior to the rise of reverse mergers, the vast majority of public companies were created through the initial public offering (IPO) process.

In a reverse merger, an active private company takes control and merges with a dormant public company. These dormant public companies are called "shell corporations" because they rarely have assets or net worth aside from the fact that they previously had gone through an IPO or alternative filing process.

It can take a company from a matter of weeks to four months to complete a reverse merger. By contrast, the IPO process can take from six to 12 months and cost significantly more. The expediency and lower cost of the reverse merger process is beneficial to smaller companies in need of quick capital. Additionally, reverse mergers allow owners of private companies to retain greater ownership and control over the new company, which is a huge benefit to owners looking to raise capital without giving their companies away."

Gary Andrew - Owner of Future Intermountain Orient - stated in one of his videos that he had aspirations to expand the existing successful company and was also considering diversifying his product offerings - so hence the attractiveness of going public.

$DIDG.

"Per Ardua Ad Astra" - "Through Adversity To The Stars"

A very apposite motto for those who trade successfully in the OTC market..

All posts are my opinion - trade at your own risk.