La Jolla Pharmaceutical Co (LJPC)

[KrustyDusty]

You don't get it. Shares will be reversed split and the price will be set according to Adamis' price.

According to the company release at http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20091207005276&newsLang=en

"immediately before the closing of the merger La Jolla will implement a reverse stock split; the precise ratio of the reverse stock split will be determined in accordance with the terms of the merger agreement and is dependent on La Jolla’s net cash at closing (reduced by the amount of La Jolla’s liabilities as of the closing date) and Adamis’ stock price over a period before the closing date subject to a variable discount (which in no event will yield a stock price that is less than $0.20 or greater than $1.50)" This price mentioned is for Adamis stock and La Jolla's stock split will be the "$2.5 million to $3.0 million net cash left in the company at the time of the merger" relative to the price of Adamis stock. La Jolla's stock will split so that the shares are equal in value to Adamis'. If Adamis is .28 cents then La Jolla must split it's stock down to a fraction of that.