Act Teleconferencing Inc (fka ACTT)

[Wam342000]

Explain me this, from

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D13%2D049275%2Etxt&FilePath=%5C2013%5C09%5C05%5C&CoName=PREMIERE+GLOBAL+SERVICES%2C+INC%2E&FormType=8%2DK&RcvdDate=9%2F5%2F2013&pdf=

2.4 Conversion of Merger Sub Shares . As of the Effective Time, each issued and outstanding share of common stock of Merger Sub shall, by virtue of the Merger and without any action on the part of any holder thereof, automatically be converted into and thereafter evidence one validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation. Each stock certificate of Merger Sub evidencing ownership of any such shares of common stock of Merger Sub shall, as of the Effective Time, evidence ownership of such shares of common stock of the Surviving Corporation.