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Re: None

Wednesday, 07/19/2006 6:26:45 PM

Wednesday, July 19, 2006 6:26:45 PM

Post# of 169275
Both FHAL and CVSU can get the $15

The PR is clear imo

You have to read it options 1, 2, and 3 from the perspective of merger being finished at the time the options will be exercised. CVSU is is the surving holding company and option #2 talks about "each shareholder". These options will available to all shareholders in the new merged company. It speaks of each shareholder in newly merged company. This is what Rufus has been trying to explain on the phone. It all makes sense now,


"The merger agreement filed in the form of an 8-K with the Security Exchange Commission (SEC).

The share conversion upon the 10KSB filing (Audited Financial) will be a 1 for 1 ration. Each shareholder of CVSU will receive one share of FHAL.

Upon the S-4 registration of the CVSU shares received through the merger agreement, the company will have 3 options at hand.

1.) If the Market Closing Price on the Completion date exceeds $15.00 (Fifteen) USD the Surviving Holdings Corporation (OTC Bulletin Board: CVSU - News) may option to maintain that days Market Closing Price.

2.) To pay each shareholder that options out an amount in cash equal to $15.00 minus the Actual Average Closing Price.

3.) Set the Average Closing Price at $15.00 and pays no additional consideration to any shareholders."

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