(OTCBB: MONT) Monster Offers. This one is confusing me (more than I'm normally confused lol)
Seems like a share round up / merger deal, but I can't tell if current shareholders of MONT would be rounded up to 100, or only shareholders of AD SHARK INC.
Ad Shark shareholders will be reversed at a ratio or 4.38 to 1, but not sure if current Monster Offers shareholders will be as well.
"Each share of Company Common Stock shall be reversed before converting into Parent Common Stock in the Merger at an Exchange Ratio of 4.38:1. The Company has currently has One Hundred Twenty-two Million Three Hundred Seventy-five Thousand Nine Hundred Ten (122,375,910) shares issued and outstanding owned by the Company’s shareholders. Taking into effect the reverse exchange ratio, the Initial Deposit will be 27,939,705 shares, which accounts for rounding fractional shares. The Initial Deposit shall be distributable by the Exchange Agent effective as of the Effective Time of the Merger in accordance with the provisions of Section 2.04(a) herein, and the Escrow Deposit shall be distributable pursuant to the provisions of Section 2.04(b)(iv) herein. No fractional Parent Common Stock shall be issued in the Merger. If the product of the number of shares a Company shareholder holds immediately prior to the Closing multiplied by the exchange ratio would result in the issuance of a fractional share of Parent Common Stock, that product would be rounded to the nearest whole shares and any shareholder who owns less than one hundred shares after the reverse exchange ratio will be rounded to one hundred shares."
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