InvestorsHub Logo
icon url

user61193

07/21/06 12:52 AM

#6519 RE: rick85284 #6443

but if UNDER 15?

thx rick, but the PR summary (#1) is different from the 8K (optA)

the 8K reads :

"In the event that the Actual Average Closing Price is LESS THAN $15.00... Company shall elect, in its sole discretion, to: (a) maintain the Average Closing Price at a price equal to the Actual Average Closing Price; ..."



not MORE THAN, as the PR reads.

PR:

Upon the S-4 registration of the CVSU shares received through the merger agreement, the company will have 3 options at hand.

1.) If the Market Closing Price on the Completion date exceeds $15.00 (Fifteen) USD the Surviving Holdings Corporation (OTC Bulletin Board: CVSU - News) may option to maintain that days Market Closing Price.

2.) To pay each shareholder that options out an amount in cash equal to $15.00 minus the Actual Average Closing Price.

3.) Set the Average Closing Price at $15.00 and pays no additional consideration to any shareholders.


~BB