Here's what I know. This will add stock to LFEV in the form of Preferred C shares and Warrants that convert to common. The preferred share count is 3.5M shares that is convertible to LFEV common at 1 to 35. The preferred shares are restricted. Some of the restricted may be tradeable soon, but I don't think we will see a significant increase in float in the near term. So, 40% of the Value LEV manufacturing, which is primarily Serial 1, will now attribute to LFEV as a 40% owner. This takes LFEV from basically a shell to real company. Based on the previous press release from LEV I believe they have major expansion plans. Not sure how the financials will flow as I believe much of the growth beyond Serial 1 will flow through LFEV. Hopefully we hear more from the company soon. Given the expansion plans I believe they will need to raise more capital and the best vehicle to do that will be the LFEV the public company. Should start getting exciting!
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