Ocean Power Corp.(fka PWREQ)

[Blue54]

Actually in reading it again, I believe current stockholders would only receive 1% of the merged company, how do you interpret this phrase

If the existing
unsecured creditors of the Company approve the Plan, the creditors and the
existing stockholders of the Company would own approximately 6% and 1%,
respectively, of the merged company; provided, however, that in the event that
the unsecured creditors vote as a class to reject the Plan and the Plan is
confirmed under the cram-down provisions of Section 1129(b) of the Code, the
creditors and the existing stockholders of the Company would own approximately
4% and 0%, respectively, of the merged company.

thank you