What are major red flags when evaluating potential buyers?
Are they willing to show assets? When I send an NDA, I verify the potential buyer has $50 million in the bank before we go into serious talks with them. That’s one thing you can do that’s pretty normal - qualify your buyer.
The other piece is a lot of people are trying to do reverse mergers and penny stock deals. To us, that’s a big red flag! All they’re trying to do is make a play and make money on your business. Many of them try to put you on an exchange, and some of them don’t even have the capital to do that. They do minimum paperwork, then charge all the reverse merger and listing fees back to your company.
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