Based on the MANY excellent and (mostly) patient responses, I now see that though the investor will receive a discount, it will be near the post-split price.
That relieves my paranoid worry that CB was going to give away the store. I'm not so much braindead (well a little of that too) as I am not the trusting sort, and I assumed the worst (kind of nutty) case.
"The remaining a/s will be sold in the lockup somewhat below the split price naturally."
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