PM&E, Inc. (OTCPK:PMEA) made an offer to acquire Seilon, Inc. (OTCPK:SEIL) in a reverse merger transaction on April 18, 2017. Under the terms of the offer, PM&E's shareholders will receive one share of Seilon for every eight shares of PM&E. Upon completion of the transaction, the shareholders of PM&E will receive 699 million shares of Seilon. Once the share transfer process is complete, Seilon will have a total of 1.1 billion shares outstanding. As of May 3, 2017, Board of Directors of Seilon approved the transaction. As of April 25, 2017, transaction will be completed within 30-45 days. As of May 3, 2017, the completion of the transaction is expected in the coming few weeks.