FHAL will be exercising Option (C) from above!!
,,,,,FHAL,,,,,Ready to blast off!!! $$$$$$$$$$$$$$
"We will halt trading, on the day, at the completion of the merger. After the 10K is filed, we will halt trading, and come back out the next day under the new symbol, and at $15 a share."
RUFUS PAUL HARRIS, CEO OF FHAL/CVSU, INTERVIEW ON JULY 20, 2006, WITH JJSEABROOK:
Option (c) IS what we're going to do.
You more or less take it, at this phase I can give it to you. Option (c), what it does, is under reorganization, the financials of the corporation are newly incorporated. If you go to the link that I sent to, which is the IRS link, okay and you read down and it talks about assets, and the stock...the distribution of it...what happens is, is we take the new book value of the new consolidated corporation. 111 million outstanding shares. We have 48, 62 on FHAL. The combined totals are 111. What happens is, we take the new book value of the new, consolidated corporation. 111 Million outstanding shares. We have 48, 62 on FHAL. The combined totals of 111 divided into your number and that gives you your book value, $7.21. You take your $7.21 value, and you either start trading at your book, or you can go 2 to 3 times.
In an IPO, you give an explanation as to how you come to your figure. You set your figure til your 3 times. It's just common in any market. Anyone says different, they don't know what they're talkin about. Two (2) times the book is the $15 number that we chose.
"We will halt trading, on the day, at the completion of the merger. After the 10K is filed, we will halt trading, and come back out the next day under the new symbol, and at $15 a share."