** The S-4 seems to be a simple merger document used to show the merger of shares and the price and so on.
** All IMVHO **
Upon the S-4 registration of the CVSU shares received through the merger agreement, the company will have 3 options at hand.
** The If will not happen... we are not going to $15 before the merger, so since this starts with "if", this line is deleted.
1.) If the Market Closing Price on the Completion date exceeds $15.00 (Fifteen) USD the Surviving Holdings Corporation (OTC Bulletin Board: CVSU) may option to maintain that days Market Closing Price.
** The option out will be to any shareholder that does not wish to continue with the merger and would like to donate their shares to the company in exchange for the difference between $15 and their current price.
2.) To pay each shareholder that options out an amount in cash equal to $15.00 minus the Actual Average Closing Price.
** This option would be the most likely IMO... because it basically means they will audit the books, merge the shares and the value will begin at $15 on the day CVSU is merged and opened for trading.
3.) Set the Average Closing Price at $15.00 and pays no additional consideration to any shareholders.
