Pilgrim Petroleum Corp. (PGPM)

[deafchild]

I believe he is saying, and correct me if I'm wrong boxster, is that IMVS will be acquired by another company and then it would be re-sold back to them in exchange for their 30 million shares and whatever other agreements are made. Which will decrease the total amount of outstanding shares of IMVS, because this company will now own those shares. Their patients on there product will then be own by this company and not IMVS. Basically IMVS and there medical patients will not be a part of PGPM.. IMVS will become a separate entity and will not be affiliated with PGPM what so ever..

But what is a divestiture transaction? A divestiture is referred to as "the sale, liquidation, or spin-off of a corporate division or subsidary". A spin-off is technically a form of divestiture. Typically divestitures are referred to in the context of a sale of a subsidary or operating division to either a third party or management of the business to be divested. Spin-offs are characterized by negotiations between buyers and sellers.

IMVS could either become a subsidary of the new company acquiring them or possibly be a subsidary of PGPM. Most likely the new company. Hope this helped.