Did they really pay over $475,000 for a shell to be 100% clean without any financial liabilities to the new company (EA)? Yes, it's all in the 8-K.
Is the company releasing audited financials? Yes
Did the company hold other promises like unveiling an Indy Race car? Yes
Is the company updating shareholders? Yes, on new website link as of Monday.
The list goes on...
"they found it to be more profitable to sell the shares and liabilities to EA, who has not yet filed with the SEC"
They have already put out in their 8-K, if you read it, that the company comes with no financial liabilities. That is why the "Shell" costs so much money! If it had "Baggage" it would have been worth less than $60,000. Just sayin'
Got a good Reverse Merger here... and I'm buying shares left and right!