posted
[Dilution of great proportions in the pipeline. Likely R/S to decrease shares of current holders to make way for the shares of the overtaking companies. Admittedly I never fully read the PR's (foolish I know,) so that's why I missed the following info.]
On July 21, 2005, Nannaco entered into an agreement to merge a wholly owned subsidiary of Registrant with and into Amenni, and to rename Registrant "Amenni Inc." (the "reverse merger"). The agreement provides that all of the shares of common stock of Amenni, issued and outstanding at the time the merger becomes effective under applicable state law (the "Effective Time"), will be converted into common stock of Registrant such that the current holders of Amenni common stock will hold 97% of all shares of Registrant's common stock outstanding immediately after the closing of this merger transaction.
The merger agreement provides that all of the shares of common stock of Recab International issued and outstanding at the time the merger becomes effective under applicable state law (the "Effective Time"), will be converted into common stock of Registrant such that the current holders of Arabian Recab common stock will hold 98% of all shares of Reality's common stock outstanding immediately after the closing of this merger transaction.
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