Added more VSTI @$.30; payout of $.348 suggests 16% return on your money in a month...and you continue to hold a stub that may pay another $.042/share by 11/17...
Here's the payout forecast from the proxy statement:
Per Share Distributions
Low High
Initial Distribution $0.348 $0.353
Purchase Price Adjustment Escrow (a) $0.004 $0.004
Indemnification Escrow (b) $0.038 $0.038
Additional Escrow (c) $0.004 $0.004
Representative Holdback $0.001 $0.001
Total estimated Closing Merger Consideration $0.395 $0.400
3
(a) To the extent not utilized to be released after the Closing Date Net Working Capital is finally determined.
(b) To the extent not utilized to be released half on first anniversary of the Closing and the balance 18 months after the
Closing.
(c) To the extent not utilized to be released 30% on the third anniversary of the Closing and the balance (70%) on the fifth
anniversary of the Closing.
NOTE: These estimates have not been prepared, reviewed or passed upon by any accounting or valuation firm and represent
solely the opinion of the Company. Such estimates are believed by the Company to be reasonable projections at the present
time, but are based on assumptions regarding future events which may or may not occur, and other assumptions which may or
may not prove to be justified. The estimated recoveries from the Indemnification Escrow may be reduced based on claims as to
certain representations made by the Company; estimated recoveries from the Additional Escrow may also be reduced based on
claims as to certain representations made by the Company including representations about the Net Tax Loss Carryforward.
These estimates should therefore not be relied on as a representation of the actual possible distributions with respect to the
shares.
I know you think you understand what you thought I said, but I'm not sure you realize that what you heard is not what I meant."
--Alan Greenspan
