RE:This News is Way Over My Head?This has always been their endgame. They know their advertising business is not viable so they will wind everything down by allowing themselves to be taken over by another company.
They will protect themselves by repricing stock options and warrants while shareholders take the fall.
Existing RABI shareholders will only own 5% of the resulting issuer.
This deal had probably been in the works before the dual listing.
Garbage!