RE: RE: 97.25% OF THE NEW COMPANY CONTROLLED BY EX This happens all the time in the securities industry. To for a new trading vehicle on the stock exchange can take 6 to 12 months to get a trading vehicle approved .
Hence a lot of time companies look for an existing trading vehicle on the exchange with limited assets. They take this company over, roll back the shares and the add a new asset in the company
APD.V has at the present 26,334,963 shares trading. On consolidation the existing share holders are being consolidated by approx 20 times. On consolidation the no of shares held by existing shareholder is 1,354,539. representing 2.75% of the total proposed shares.
hence say you value the 1/2 share at say 15cts. 1,354,539 @15cts =$203180.
hence to get an existing trading vehicle cost you approx $200,000.
This is how it works.