In reference to my last post, CVSU has 48,898,637 shares O/S,
and FHAL has 62,157,721 shares O/S, if FHAL did a 1 for 100 reverse split, at .20 cents making 620,000 shares at 20 bucks, they would not have enough shares to give CVSU "Pursuant to the Merger Agreement, at the effective time of the Merger, each issued and outstanding share of common stock of Conversion Solutions, Inc. will be converted into the right to receive 1 shares of FHAL common stock, par value $0.001 per share (the "Exchange Ratio"), and each issued, outstanding, unexpired and unexercised CVSU stock option will be converted into FHAL stock options using the Exchange Ratio."
Even if they issues all the rest of A/S and had 2,000,000 after a reverse split of 1 for 100, they would still be 46 million shares short, not to mention the market pricing confusion of authorizing all the shares and then reverse splitting them into unprecedented insanity....
This is what I mean by, it doesn't make sense! Let alone, this confusion could not possibly add value to current shareholders of FHAL, according to the merger press release,
Something else must be in the works.
HAVE
Odysseus crossed the river of Styx. He asked Achilles if it was worth trading his life to have his 'name' live forever. Achilles replies: "I would rather be the slave of a slave on earth, then to live here in Hades..." --Homer's The Illiad
