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Thirsty Tiger

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Thirsty Tiger

Re: avdave post# 12608

Friday, 08/03/2007 11:50:28 PM

Friday, August 03, 2007 11:50:28 PM

Post# of 29782
Yep, that's the PR. My reading of "exact share structure" is at the time of that PR PHGI and RVNO were still in negotiations in terms of the exact R/S and the amount of shares awarded to the BDs. Without those being nailed down you can't state the "exact share structure" after the RM.

But I do think that the PHGI will most likely transfer in to the new shell on a a 1:1 basis.

As a CEO there are only so many promises to the SH you can break and as a CEO you do not want to start your new life with a bunch of pissed off SHs. Pissed off SHs will sell and tank the stock and hence your S-8 shares will be worthless. So, no, the transfer will be on a 1:1 basis



"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa

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