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Re: IHDR post# 508

Wednesday, 07/12/2006 5:42:14 PM

Wednesday, July 12, 2006 5:42:14 PM

Post# of 169274
repost from HSM:

Hobbes80
HSM Enthusiast
Join Date: May 2006
Location: Herndon, VA
Posts: 522 Quote:
Originally Posted by phil
that came from the 8k, the merger agreement shows fhal is the survivng co, and it is the actual agreement.

Yes. FHAL is the surviving company... let's go through the steps again

CVSU and FHAL merge
CVSU symbol stops reporting
FHAL sits for 7 days.
FHAL company is renamed to CVSU.

If they had tried to just merge them as CVSU, then they would have to get reapproved to be a BB stock. This way, they stay as a BB stock, without having to re-apply, but still get to use the CVSU name.

Does everyone understand now? I think that is why it is so confusing. Merger agreement HAS to say that FHAL survives, because at the end of the merger, all that is left is FHAL. Then, they will change the name.

This is all in the releases.

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another breakdown to help everyone understand...I am in agreement with this as well...


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