you bashers are missing a big point here-CVSU bought up millions of shares of FHAL before announcing the merger-Harris said they thought they had most of the float (48M shares). Let's say they paid 10-20 cents for it, that's $5-10M. Then they gave the outgoing officers at FHAL millions of shares of stock, but nothing came out of their pockets, it will all be absorbed in the marketplace.
All these alleged 'naked short shares' that we might own aren't going to cost Harris et al anything either. So they've essentially gone public really quickly, gotten their shareholders liquidity, and have a platform now to start spinning out their subsidiaries. If they had gone the classic IPO route they might still be spinning their wheels trying to get Investment Bankers interested-that's a whole other issue and in order to get that done they might have to give away lots more.
Remember that public companies sell for much higher multiples (at least 2X and as much as 10X) than privately held companies. So, if CVSU is successful, the CVSU shareholders are going to make out like bandits in this deal. Just like those of us who are long the stock provided Harris is the real deal. If he's not, he's going to jail, and everyone who listened to that interview last night is a potential prosecution witness.
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