The language has been in every release since last years annual and possibly before. The only real difference is that "probably" became "likely". As someone said this morning the existing shareholders in the shell can be R/Sed into oblivion before we're R/Med into the shell, but its likely there will be some limited increase in the O/S unless the company has retired the shares needed to do the merger already.
I think this step explains why the business license was allowed to expire, why the OTC service wasn't renewed (speculation), and why audited wasn't released. This will all be done under the new shell.
This is all my opinion.
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