if this was a "normal" 3 for 1 forward split there wouldn't be a share exchange involved and your ownership percentage of the company wouldn't change. but here SKTO holders won't own the whole combined MG/SKTO pie, will they? MG has shares outstanding too. those don't disappear in that merger, do they? (that would be a neat trick). so how much will SKTO shareholders get in the combined company? and who decided that ratio?