Reverse mergers are pretty common because they are a lot easier than going the IPO route, but that doesn't make Xero a good investment. Especially when their business model is to join a super crowded MVNO market and give away service.
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Reverse mergers are pretty common because they are a lot easier than going the IPO route, but that doesn't make Xero a good investment. Especially when their business model is to join a super crowded MVNO market and give away service.
A little background on what they did:
http://en.wikipedia.org/wiki/Reverse_merger
As is common in reverse mergers, Desi TV was a shell company. That's why there isn't any real info about it.