Feb. 11 at 2:34 PM
$KOAN So let me get this straight...KOAN was going to merge with a legitimate co Revive. Revive never happened for whatever reason, likely Revive mgnt was full of crap and couldnt raise money. Same thing that happened with EMGE, CNGT and KOAN when it tried to acquire Pegasus Bus. Now after all those failures, a penny stock that trades no volume and has
$600K in sales is going to acquire KOAN and another co Ageless Spas. What are they paying for KOAN which has a 3 mil mkt cap and a co they disclose noting about? Where are they getting the cash?? BTW, the CEO of MWAI, which by the way is on it's 4th or 5th name change like Zimbler has a checkered past in penny stocks. Still trying to find information on this Spa business. MWAI had
$600K sales, KOAN maybe
$2 mil ....so based on the PR saying rev was
$14 mil that would put this Spa biz at
$11.5 mil with 20% EBITDA margin or
$3 mil. So what are they paying here? They conveniently left that out. What are KOAN shareholders getting?