Do I Think ACDC Will Merge With Daymak
this isn't a straight forward answer from what I see. While anything is always possible my answer in the short term is no. Whether Daymak goes public is also another story which I am not clear on. What all the dealings between ACDC is from my understanding is a strategic one where ACDC provides the batteries and to get the first right consideration.ACDC diluted by the amounts disclosed in the press release with the CEO of Daymak it was what 10 million shares???. By the looks of it and my understanding the dealings is the one where Ionix Pro the wholly owned subsidiary of ACDC has been created or will be created to independently trade as a spinoff so theoretically what I see is that ionix will be publicly listed at some point but with all the dilution that is talked about I feel the fair thing for the company to do is give each us a stake in it however I doubt that will happen unless there is some sort of consolidation so the notion of planned dilution to 600 million shares makes sense where I strongly believe the company will likely use them for ionix pro. to be listed. I see the company trying to work it's way to this. If this is what is going on I don't see any reason for Daymak and ACDC to merge but again anything is possible who knows for sure. Anyways this is only my best assessment and opinion take it with a pinch of salt. I know things will become clearer as they go along but I will not be surprised to see Ionix Pro to be listed at some point otherwise there is really no reason to have created this. It is possible ACDC will become more of a diverse holding company. Let's see where things go.