Here is the current exchange rate: Hong Kong 1 HKD to .128985 USD If there are approximately 1.5 billion shares on the HCX for China Motion Mobile and the offer is for 1.15 HKD/share then: 1.15 x 1.5 billion = 1.73 billion HKD 1.73 billion HKD x .128985 USD = .22 billion USD = 220 million USD My apologies if I'm off on the number of shares.