Middlefield Income Plus II Corp T.MIP

reverse take over

[smartin5493]

This may be a dumb question,however is a reverse takeover the same as a reverse split.I sure in the hell hope not.Also what exactly does all this mean for the minor shareholders.Is this a win?It sounds good except the caution of reverse takeover.Anyone with knowledge please comment. Thanks and GLTA

[dvl99]

In a reverse takeover, shareholders of the private company purchase control of the public shell company and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control