'nani4215' pid='53511' datel Wrote:Someone on stocktwits posted this "Tax rules and why Tack was chosen" http://stocktwits.com/message/30513585
because evaluation of Tack must higher than FL so they choose to pump stock 30 times higher in one year then announce deal? how ridiculous that sound.
You know even that's reason the simple solution is in the MOU shell company still can use cash and stock to buy FL. that means shell company will owe NQ *** million dollors and they have to pay back by issuing new stock in HK market or use their cash flow. By only use worthless paper stock to buy FL that's essensially dilute NQ shareholds' value of FL for nothing.
Remember fact is fact, you can always find some legit reason but in the end you will only own 55%(maybe a little more) of FL if deal is done, and not get single penny from it. you might also own part of textile business which keep losing million dollar every year according to their ER