No bud70 you keep your FHAL shares as is. It is 1 for 1 in new company. According to Rufus you have the option to keep your shares or the company will buy them for $15. So in your scenario if it was at $1 you could opt for the $15 cash. But I have a feeling it will not be at $1. According to Rufus the company is buying shares now. I bet they buy everything in sight up to $15. Will be much cheaper for them to buy even at $7 on open market than pay us $15 each.
I don't think so. Right now, the $1 is reflective of the FHAL value. The $15 is what happens with the merger and you combine the value of both FHAL with CVSU. The agreements specifically states a 1:1 relationship
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