Shell Gains Leverage to $1TN IoT Market, page-6

cashngrab,

Its a 'shell' company, not the oil company also known as (aka) Royal Dutch Shell.

RYG used to be in mining and geothermal. Not a tech company. they have met somebody and are sold on the idea and now putting out patents and financing options and all sorts of marketing to get the ADRC system up and running. Selling the whole thing as part of the magical pot of gold at the end of the rainbow aka the IoT.

ADRC sounds good, but not until they name the chip maker and sign a contract with them and also complete the deal in March where they actually 'buy XPED' do I look at this as any more than a potential scam.

Please people, these startups are a dime a dozen. They sell the latest dream, which in this case is IoT.

Some are genuine, many are not.

I honestly believe they will take the first takeover offer that comes along. There is no long term future for this company, because of management.

If the XPED owners, developers, inventors, are to become the majority shareholders of RYG(a reverse takeover) then that is another story.

I cant see any info about that except the article at the top of this thread called it a reverse takeover. But all announcements look like RYG is buying XPED.

Can anybody confirm that RYG will from 16th March 2016 be effectively owned and controlled by XPED ?