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Citellus

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Citellus

Re: Paulness post# 486

Thursday, 03/13/2014 1:13:48 PM

Thursday, March 13, 2014 1:13:48 PM

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The proxy statement states that the price of the XON will be determined by the weighted average for 20 days following the closing of the merger. The transfer agent told me that the numbers given in the news release (and the proxy statement) were based on the Dec 19 price of XON, not the merger date. Therefore, he stated, the actual price cannot yet be determined for a few more days. (Again, I am a novice at this sort of thing and could easily be wrong)
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