I dont think you know what your talking about. I cant explain it either, but im done trying to, its either going to happen or not. If it does GREAT! if it does not then we all learn from our mistakes period, im done trying to figure this out, hey stranger things have happened.
The $15 opening pps AGAIN this is a basically a reverse merger. Rufus probably should not have used the term "IPO" when referring to setting the opening pps. Following this type of reorganization, the Company and the market makers set the opening pps, which is some multiple of the book value. There are many on-line sources which confirm this process.
For the last time, it's a brand new company! That's why the name change to Conversion Solutions Holdings Corp, being a brand new company entitles them to offer a brand new initial price for its stock because it is as if they are starting over from scratch. Why is that so hard to understand?