So from what I've read, ptel share holders will receive 138,000,000 shares of the new company. The new company will recieve 5,000,000 shares of ptel. Since it is a one for one the new company has 5,000,000 shares all told. If the strike price is $1.50(US) then the new companies shares should be worth about $43(US) right now. Capt. Bob - Do any of the companies you listed match this criteria? Unless of course my assumptions are wrong or my math is screwed.....