RE:News outThank you for the heads up on the news release.
This looks "ok" to me. There is a 1 for 5 reverse, making formerly Omni/Mezzi shareholders have 8 million shares (formerly 40 million). Then it seems they will issue 12 million shares to buy out the company in a reverse merger. So while there is dilution there is no concurrent financing out of the gate which would have diluted us even more. So with 20-23 million shares (an extra 3 million if targets are met), valuation with hard assets (facility, land) and sales already happening and exchange uplist maybe we can see a positive result for shareholders. At least it is a shot.
So this letter expires in a few days, so hopefully the definitive agreement is reached putting us somewhat on track for a 3-5 month window of being trading (estimated based on the old estimate given of late Oct 2019).
I do like the brand and the marketing. The instagram page is impressive, the team seems decent. It is something.
I would guess we should have maybe a 30-40 million market cap? 1.5 to 2 bucks? But of course the reverse would put current share conversion at around 1 dollar.
But after being locked up for over a year at least it makes some kind of sense.