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Monday, September 21, 2009 4:48:21 PM
If you have 100,000 share of the old Behl you will end up with 10,000 share of the new Behl(new symbol) and if the closing price of the old behl is .05 (five cents) on the day of the filing the opening price of the new Behl(new symbol) with be .50 (fifty cents).
So you have 100000 shares of old behl @ .05 = $5000 on the day old behl files and closes.
When the new behl (new symbol) open's the next day you will have 10,000 shares @ .50 = $5000
PLUS:
you get to keep your old behl shares to sell or hold on to if they decide to use that shell for another company.
The new Behl is now trading closer to a price that hedge funds look at and we have a otcbb stock.
This is a win - win situation.
I am not saying the price the day it closes will be .05 that is just an example if it closes at .09 it will open at .90.
This is exactly how Dale explained it to me.
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