VirTra Inc (VTSI)

[ByloCellhi]

Paul

Agree - same as my example to Greg - Wachovia - when he thought shares would not be issued and he failed to respond.

http://www.investorshub.com/boards/read_msg.asp?message_id=8281121

Greg

"Wachovia has agreed to exchange 0.89 shares of its common stock for each share of SouthTrust common stock. Based on Wachovia's closing stock price of $47.00 on June 18, 2004, the transaction would be valued at $14.3 billion and represent an exchange value of $41.83 for each share of SouthTrust common stock"

In this transaction - Southtrust shares no longer exist and with the valuation of $14.3B and a Wachovia strike price of $47 then 304,255,319 more shares of Wachovia stock will be issued this is why they also issued a buyback announcement to decrease the dilutive effect:

"In addition, Wachovia said it expects to repurchase shares of its common stock in the open market before beginning the proxy solicitation in connection with the shareholder vote on the transaction, and after the vote. Following consummation of the merger, Wachovia expects an additional $1.7 billion of excess capital will be available from the combined company"

Stock for stock means VTSI issues many more shares