largest backdoor listing in history

This is just unbelievable. Why would a company like P1, valuing themselves via TTV backdoor listing at $335m, need to do a backdoor listing via a company worth $6m.

Why not go through the front door as an IPO.

I'll tell you why because there is no way they would get it away via IPO route because the market couldn't fathom such a valuation.

So what they do is convince a board such as TTV's to agree to this inflated price to get P1 listed.To P1,if after this deal complete the share price falls to 1c, it doesn't matter to them, however for the original TTV shares they are just wipeout. P1 is using TTV as a mechanism to raise money expensively and dump their shares.

It really smells this deal