OK people, I want $15 a share, but it won't happen, here is the 8K broken down:
FRONTHAUL GROUP INC., a Delaware corporation (the "Buyer");
Conversion Solutions, Inc., a Delaware corporation and a holding company (the "Company").
FHAL IS THE BUYER
CVSU IS THE COMPANY
The Buyer and the Company desire to effect a merger pursuant to which the Company will merge into the Buyer, with the Buyer being the surviving corporation
FHAL IS THE SURVIVING COMPANY
set the Average Closing Price at $15.00 and pay the holders of Company Shares receiving shares of Buyer's Stock as Merger Consideration (after giving effect to the allocation procedures set forth in Section 2.4 ) an amount in cash equal to $15.00 minus the Actual Average Closing Price per share of Buyer's Stock to be received by such holders of Company Shares;
PAY THE HOLDERS OF COMPANY SHARES MEANS PAY CVSU SHAREHOLDERS
RECEIVING SHARES OF BUYERS STOCK AS MERGER CONSIDERATION MEANS THAT CVSU SHAREHOLDERS ARE BEING PAID IN FHAL STOCK AS CONSIDERATION FOR THE MERGER AND CAN TRADE IT IN FOR $15 IF FHAL lets them
In other words. At the time of the merger FHAL (the surviving holdings company) has a choice. They can give current CVSU shareholders a 1:1 share of the new FHAL stocks and keep the price where it is at, they can pay them $15 per share instead, or they can set the opening price of FHAL's new symbol at $15 and give them shares.
We, the buyers, are just keeping our shares. The only way we benefit from this paragraph is if the opening price is set at $15 (and we can sell before it crashes)
