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irockupet

05/02/06 2:13 PM

#92 RE: same53 #91

No jphc holders will own apoa stock. For every 4 shares jphc owned, the right to own 1 share of ZERO value stock will occur if/when it is tradeable. apoa will not exist at that time, but apoa holders will likely get stock in the Parent. If 2.4bn converted shares of jphc end up in the stock you own, the dilution will change your mind. Expect bankruptcy, hopefully for you a reverse split, if/when the conversion takes place.

I know many of you here are as confused as everyone save 2 or 3 of us over there.

.25 is the proportion of conversion, regardless of pps.
The day the deal closes is not May 10th, perhaps it is, but at this point that date is unknown.
No jphc holders will own APOA.