Conversion Solutions Holdings (fka CSHD)

[SammyTheBull]

re: "Simon: If Market Makers control price of stock, how will the reset actually work if MMS control both the bid and the ask?

Rufus: In this particular merger, it is an aquisition. Fronthaul aquired CVSU b/c Fronthaul was public, CVSU was private. Fronthaul was at 8/10 per share when they signed the deal. Therefore, fronthaul had higher value share per share in merger than CVSU. Therefore, fronthaul aquired CVSU. One for 1. 111 million shares issued in agreement. Total, including fronthaul float, and the 49 million from Waatle/CVSU. In that process, when one company aquires another one, allowed to recalculate the book value and reset the price of your company through filings because the value of the two companies combined shows more value. Similar to IPO but not the same thing. Just revaluing the new entitity."

What is 8/10 per share?
tia