Nicholas Investment Co Inc (fka NIVM)

[StockJoker]

If I'm understanding this correct..
12 million cash will be paid to preferred and common

formed by Stonehenge Partners, Inc. for $48 million in cash
After payment of NIVM's outstanding debt, transaction expenses and certain other liabilities currently estimated to aggregate approximately $35 - 36 million and after giving effect to any required working capital adjustment, the remainder of the purchase price would be allocated among the holders of each series of NIVM's preferred stock and the holders of its common stock