Are they really going to go for something that confusing?
Simplest way is make CTs current, then pull all groups together and start sorting out new shares of NewCo. It's a clean process, and who knows if it is a fair process, but at least it wouldn't be some backoffice nightmare for all brokerages.... I really find it hard to believe they would split payment and new investment into an entity.... how would they ever come up with valuations?
Someone please attempt to explain to this knuckle dragger just how they would/could accomplish this. Thanks in advance. Oooops I drooled. Someone fetch me a drool cup.