Monday, August 21, 2017 1:32:27 PM
So in the end after the split we get:
- EXOL current common shares goes from ~160 million pre-split to ~3.2 million post-split
- SPPC current common shares (remembering the 8:1 exchange) goes from ~280 million pre-split to ~5.7 million post-split
- SPPC preferred A goes from ~1 million SPPC to ~1 million preferred B EXOL pre-split to ~20k preferred B EXOL post-split to ~60k common shares EXOL after 30:1 exchange
Doesn't make sense that the preferred Series B shares are specifically mentioned if they are to receive the same treatment.
Always yield to logic
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