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Monday, October 29, 2007 4:09:52 PM
Until very recently, Apple Rush was a joint venture between RushNet, Inc. and Rush Beverage Company. Apple Rush operated as a division within RushNet, which holds the largest minority interest in Apple Rush. RushNet originally held 51% of the total shares before the company went public. After the public transaction was completed, RushNet's share ownership of Apple Rush decreased to 45% because there was dilution from the original shareholders of the public shell.
Original:
51% Majority
49$ Minority
PR only states "largest minority interest"
Current (Scenario 1):
45%
5% Diluted
49% "largest minority interest" - NOT POSSIBLE since RSHN is the "largest minority interest"!
Current (Scenario 2):
45% "largest minority interest"
55% majority interest.
My opinion.
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