In regards to the Reverse take over, I found these statements to be interesting.

“In place are signed MoUs with two epitaxial wafer vendors who are among the world’s premier providers of epitaxial wafers.”

One is Anadigics, have they named the other?

“We believe we would meet the requirements necessary to apply for a full-fledged NASDAQ listing today if we decided it is most beneficial for the company and its shareholders to do so, subject to meeting minimum share price requirements. We intend to keep you appraised on developments in this regard.”

“The strength of our balance sheet allows us the flexibility to exploit various opportunities that might present themselves, including M&A, tuck-in acquisition and numerous other ways to build this company on our own terms. That is, we fully intend to operate as a stand-alone company.”

Tuck-in acquisition:

The acquisition of a company made for the sole purpose of merging it into a division of the acquirer. Sometimes referred to as "bolt-on acquisitions."

This type of corporate strategy is generally used to acquire companies with technological breakthroughs or comparative advantages at a cost less than implementing the changes themselves.