Today, we need to talk about one of the biggest share price jumps that occurred recently in the small cap universe. The company is called Start Scientific Inc (OTCMKTS:STSC). It excited the market by releasing that OmniElite Holdings LLC had acquired securities providing it 75.60% of the voting rights.Market participants in several social media websites claimed that a merger with OmniElite Holdings LLC could occur soon. The iHub forum provided a lot of materials. We understand the business rationale of the market. If OmniElite acquired such a large stake because it would execute a reverse merger with STSC, a transaction of this kind would be very beneficial for Start Scientific Inc., as the company would acquire new assets, and a new business model.However, in this article, we will see that there are many points that both OmniElite and STSC will need to address, which include the buyer beware symbol that the company shows in its OTC Markets profile, and the filing of its financial statements. Additionally, in this article, we will assess how OmniElite has acquired 75.60% of the voting right and what are the chances of executing a merger. Company Logo from http://www.oefinancial.comHave a look at the share price reaction before we provide more details about STSC. From $0.0001, the share price went up to $0.001 in a two days period. But, that's not the most interesting. We believe that the most remarkable is that market interest in the stock seems to be back, as the trading volume also spiked quite a bit. Some days more than 200 million shares changed hands. Check out the following stock chart: 2 months chart for STSCBusiness of Omni EliteLet's assess the company that seems to be merging with STSC. It will help understand the new businesses, in which the company will be involved in the future.Omnielite Holdings LLC is a holding company providing venture capital services. It is based in Carson City, Nevada, and was founded on May 23, 2012.The following are the projects on which the company is working right now:- Re:boot Coding: it is a nine week boot camp that helps students become front-end web developers. The company prepares individuals to a work in tech environment.- Chaveta: it is a hotel located on the 7th Avenue in Historic Ybor City in Tampa, South Florida. It is featured "as one part boutique hotel, one part commercial office space," with also a Cuban dining and retail space, including its own in-house cigar roller.- Zoo Nightclub: it is a club also in Historic Ybor City in Tampa, Florida, but with plans to open up franchises in Miami, Las Vegas, California, and New York. It combines a "jungle-like decor with cirque style performances and one-of-a-kind custom characters unique to the Zoo Nightclub brand."The stake in STSCOn November 2, 2017, the company sold to Omnielite Holdings LLC preferred stock, which is not convertible into common stock, but that it provides 1,000,000,000 voting rights, which represents 75.60% of the vote. This means that OmniElite now "controls the election of the Board and other substantive matters requiring approval of the Company’s stockholders."We believe that the corporate move is brilliant. Omnielite Holdings now controls a public company, which will provide the group access to financial markets, cheap financing as well as recognition. In addition, if the company is interested in acquiring other companies or in selling divisions, it will be easier now.What can happen now?OmniElite controls the company, but it did not note that a reverse merger was going to be executed. In our opinion, Omnielite needs to communicate to the market that it will merge its companies with STSC.We believe that if the market receives this information, the share price could increase even more.Why?Because it will mean that STSC will receive new assets and liabilities and the company will grow inorganically. Additionally, the company will become bigger, which will be appreciated by stock and debtholders making the intrinsic value of the shares increase.Until the Beware symbol is not removed, we cannot touch the sharesEven if the company releases fantastic information about its new ventures, we need to stay vigilant. The OTC Markets has designated the stock as “Caveat Emptor" as of November 30, 2017.What does it mean?The exchange noted in this way that "there may be reason to exercise additional care and perform thorough due diligence before making an investment decision in that security." The company may be involved in promotion activities without correctly disclosing adequate information or any other activities not accepted by the exchange.We believe that the company will need to contact the exchange in the next month to solve this issue. It will also help understand what's going on in a press release.In any case, until the symbol is not removed, we encourage readers to stay away from this stock. Following the news may be good practice, but don't touch the shares.ConclusionCurrently trading with a market cap of $0.1 million, STSC is an interesting story among small caps. It seems that the company is making good strategic decisions to boost growth in 2018, but we believe that many issues need to be addressed.In addition to the Caveat Emptor symbol, the company needs to commence issuing its financial statements for previous quarters. This practice will help the company draw interest from more market participants, which we appreciate.To sum up, STSC is working in the right direction, but there is still a lot of work to do!We will be updating our subscribers as soon as we know more. For the latest updates on STSC, sign up below!Image courtesy of halahmoon via FlickrDisclosure: We have no position in STSC and have not been compensated for this article.