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western1

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western1

Re: toofoolishtoo post# 23022

Wednesday, 06/06/2007 8:57:55 AM

Wednesday, June 06, 2007 8:57:55 AM

Post# of 29237
toofoolishtoo

AFTER THE DIVIDEND IS ISSUED THERE WILL BE 143M SHARES (5M THE NEW COMPANY
HAS CURRENTLY OUTSANDING + 138M THAT WE PTEL SHAREHOLDERS ARE RECEIVING)IN
THE NEW COMPANY. PTEL IS PAYING $7.5M ($1.50 PER SHARE STRIKE PRICE X 5M
SHARES CURRENTLY OUSTANDING) FOR THESE SHARES. 143M SHARES DIVIDED INTO
$7.5M PTEL IS PAYING = $ .052 MARKET VALUE PER SHARE OF THE NEW COMPANY.
THIS IS LIKE A FORWARD SPLIT.
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