The most obvious reverse takeover-EVER

Fido,

There is no right or wrong, but there are facts that cannot be ignored:
1. Akhter is the only major shareholder of Akhter and Ultima
2. UTN surprised us (at least me) with a poor set of results
3. It failed and wasted valuable cash on the C2 venture (poor management judgement)
4. Cognito revenue stagnated and future growth is uncertain
5. Education kits just kidding along at best breaking even
6. Solar is not producing energy, UTN is not catching wind to drive the turbine
7. Energy lamps shown potential to shine but not yet brightly
8. Computer parts (software and hardware) are not competitive, likely the next candidate to be chopped
9. Only star atm is Powacycle, selling and expanding, but margin is low because of the introduction discount.

As I see it:
Akhtar can merger the two companies as and when he wanted to. But he needs the nod by money backers because he needs to borrow or raise cash to strengthen the company to move forward.
I assume the potential investors will only put money in if Akhter can get rid of a lot of dead wood (computer business etc), tiding up remaining business divisions, selling off none core business. This will take a lot effort and time. The company can be very successful if it can bring in more disciplined professioanal executives and remains focus on whatever it finally decided to be its main part of the business.

The SP is low enough for me to rate it a speculative hold..........LOL!!!!