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Re: Mariner* post# 75752

Wednesday, 01/29/2014 9:32:49 AM

Wednesday, January 29, 2014 9:32:49 AM

Post# of 97078
i don't think it reduces the amount of WLAN shares; a spin-off should be a new entity with it's own charter and share structure. i think it's just saying that 10% of ACYD will be held by WLAN who represents the post-merger entity. The rest goes to shareholders.

Which is a little strange, you would think ACYD would want a majority hold.