I don't know if this is still the case or not, but in the original PR where it talked about going on the OTC BB, it was said that the exchange ratio would be 1 for 1. In other words, for however many PHGI stock one had, one would get an equal number of BB stock. That was when it was planned to keep the radio stations in PHGI and let the other assets go to the OTCBB.
So, for example, if a person held 50,000 shares of PHGI, then after the OTCBB listing, one would still hold their 50,000 shares of PHGI AND 50,000 shares of the BB stock.
But then in a later PR it was said that there would be TWO BB companies and we'd be off the pinks. In other words, the radio stations would go on the OTCBB also. So I don't know if the 1 for 1 ratio would still be in the plans or not.
Perhaps PQL could give some insight into this? Maybe?
