May 23rd release clearly states that XREE is buying XTRN - The company! Whether the company is not worth $20M, and PPS on XREE is going down, that is a different story.
X Rail Entertainment, Inc. (OTC Pink: XREE) Makes Tender offer to Las Vegas Railway Express, Inc. (OTC Pink: XTRN) to Purchase the Company for $20 million in Cash and Stock
Read again... it does not say, that only those that choose XREE will be rewarded.