Where is GOHE going?
Post# of 98052
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Posted On: 06/09/2018 11:18:24 AM
The true nature of the “reverse triangular merger” is not yet known as it pertains to stockholding public. (“US”).
During merger discussions, the stocks of all related entities (as well as competitors), become volatile.
The outcome of most mergers is a re-alignment of the stock certificates themselves, as well as the value.
What I’ve been able to determine so far:
MoneyTrac Technology, Inc., (MTRAC), is a company whose shares are owned by private entities, as it is NOT listed as an entity on any exchange. (AFAIK!)
It has been reported that GOHE owns 18% of MTRAC.
So, there are two other “entities” that control a large enough stake in MTRAC to create the “triangular” adjective, used to describe the merger.
Ms. Luna (MTRAC CEO) is a majority shareholder in one of those entities, commonly referred to, as MTRAC.
The third entity has yet to be announced.
There aren’t any SEC filings to determine who it is, because MTRAC is not a listed concern.
A review of the SEC filings of GOHE doesn’t indicate any insider trading, which also means that the 1.6 billion outstanding shares is the limit. (This is important!!!)
So, we kind of “know” some things, but we are missing a few pieces.
The “common shares” of GOHE, valued at $26.7 million (based on a share price of .0165) will be added to the current value of those two other entities, and together, they will become one company (merged).
It was said that the merged company will then operate under a new name (“MTRAC” was mentioned as a possibility). This company will then become private, where the company will have to “pay off” the shareholders, by buying them back. This usually inflates the price astronomically. AND, a dip in price, is usually preceded by this “buy-back” discussion. I think that the dip we are experiencing this week, IS THAT DIP.
If the new company “remains” public, but changes it’s name, you don’t do anything until the dust settles.
It usually means that the number of shares you own will change (“dilution”). Instead of 2000 shares, you might end up with say, 1677. Those new shares however will be worth more than your old shares, because the assets of the other entities will be added to those of GOHE (in the new company). (In some cases, the number of shares increases.)
In either case, hold on to your pants. This will be a fun ride for those who got in at the bottom! YOU!!!
My understanding of all "things" is tempered by the illusion that all "things" are real.
During merger discussions, the stocks of all related entities (as well as competitors), become volatile.
The outcome of most mergers is a re-alignment of the stock certificates themselves, as well as the value.
What I’ve been able to determine so far:
MoneyTrac Technology, Inc., (MTRAC), is a company whose shares are owned by private entities, as it is NOT listed as an entity on any exchange. (AFAIK!)
It has been reported that GOHE owns 18% of MTRAC.
So, there are two other “entities” that control a large enough stake in MTRAC to create the “triangular” adjective, used to describe the merger.
Ms. Luna (MTRAC CEO) is a majority shareholder in one of those entities, commonly referred to, as MTRAC.
The third entity has yet to be announced.
There aren’t any SEC filings to determine who it is, because MTRAC is not a listed concern.
A review of the SEC filings of GOHE doesn’t indicate any insider trading, which also means that the 1.6 billion outstanding shares is the limit. (This is important!!!)
So, we kind of “know” some things, but we are missing a few pieces.
The “common shares” of GOHE, valued at $26.7 million (based on a share price of .0165) will be added to the current value of those two other entities, and together, they will become one company (merged).
It was said that the merged company will then operate under a new name (“MTRAC” was mentioned as a possibility). This company will then become private, where the company will have to “pay off” the shareholders, by buying them back. This usually inflates the price astronomically. AND, a dip in price, is usually preceded by this “buy-back” discussion. I think that the dip we are experiencing this week, IS THAT DIP.
If the new company “remains” public, but changes it’s name, you don’t do anything until the dust settles.
It usually means that the number of shares you own will change (“dilution”). Instead of 2000 shares, you might end up with say, 1677. Those new shares however will be worth more than your old shares, because the assets of the other entities will be added to those of GOHE (in the new company). (In some cases, the number of shares increases.)
In either case, hold on to your pants. This will be a fun ride for those who got in at the bottom! YOU!!!
My understanding of all "things" is tempered by the illusion that all "things" are real.
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