Artaflex
Does anyone have any thoughts on this reverse takeover? The whole thing seems incredibly fishy to me. Here are my immediate thoughts:
1. Paul Walker was the competitor to RH a few years ago in trying to takeover Adeptron. Now he is taking it over when it is at its lowest.
2. Walker owns 100% of Artaflax, so he will own 75% of the combined company. What???
3. Why exactly is Adeptron only going to own 25% of the outstanding shares? Isn't it a larger company than Artaflax?
4. How will the dilution after investors? What will we have left? The whole dilution thing seems murky. Can anyone explain the detail?
5. Is this deal designed to benefit Walker, RH and insiders? Are we being shafted?
Thanks