Noah Abelson Gertler
๐ค SpeakerAppearances Over Time
Podcast Appearances
The Nasdaq or New York Stock Exchange out there.
So we did a raise initially and then we did an IPO raise, even though we did a reverse merger, which is a respect thing out there.
Whereas in the US, if you do a reverse merger, it's just garbage.
Yeah, so a reverse merger is there are companies that are public entities, also known as shells.
So this is a public company, a company that has gone public, that is not doing so well and has gotten to a position where it realizes, hey, our business just isn't going to work out.
So then they open up and they say, look,
there is value in just being a public entity.
So now let's look around in the world or in the market to figure out what promising company we can pull into our shell, into our public entity, and essentially help that company go public because we see that company as having a lot of potential.
And who, which company was that?
So yeah, so we merged into Drumroll,
a company called Monto Minerals, which is in the tin mining space.
So naturally, you go from tin mining to social media marketing.
I mean, it's a direct fit.
So this mining company basically stopped all their operations, right?
So once they
dug a few times in Australia, they realized, look, we're not going to be able to do the tin mining thing.
So they look around, they say, okay, we've got this shell.
It's worth about $1.5 million Australian, which is just the public entity.
Let's find a company that can come in and take over the shell.
We'll change the name into what that company is going to be.