so keeping in line with this same train of thought, consider the H's getting a haircut, as folk here like to say; and recieving the difference in common shares of the newco. this would allow p's fv and h's a settlemnt of percentage of fv and common stock in newco.... (remembering the fact that they wanted to increase common share in newco buy about 20%). It is possible h's get 20% "haircut" off fv, and receive that 20% in new common......just a speculation, I'm not married to this line of thought.