RE:It won't end well for acdc shareholdersJoseisok wrote: Acdc is penniless, hence Daymak exercising 5m warrants. Daymak needs acdc for their RTO. ACDC will become, is a shell, 0 assets, 0 money, 0 revenues. The float will be rolled back about 1 for 20 and new shares will be created for Daymak of which ACDC shares will account for less than 5% of the total company when all is said and done.
When Daymak goes public, you'll be buying blind because you will have no idea what Daymak is worth without seeing the books. Of course you know that ACDC is worth 0, so you know what you're buying.