My understanding is that at the start of the actual RM, previous LAHO SH's own, per your post, around 75% of its value (rounded for simplicity). That proration is based on share ratio ownership when LAHO disappeared off the face of the earth. That 75% ownership and LAHO share ratio is the ONLY thing we have that should be stable.
Number of preferred shares representing this ownership ratio is irrelevant that is IF current MSSV ownership abides by it.
Divvying up preferred shares according to the original ratio of LAHO common share ownership is to be THE TOTAL CONSIDERATION APPLIED TO THE VALUE OF THE NEW RM...assuming ALL management are 'appropriately' represented as owners of the approximate 4 Billion common shares in the O/S at that time.
IF NOT, jerry-rigging may apply. THAT is a justifiable concern. That is, other factors enter into play governing how the 75% ownership is actually distributed. Jerry-rigging implies that NOT ALL of the 75% ownership will be distributed among SHs of the pre-existing LAHO common shares.
Thus far, I am not aware that jerry-rigging will apply.
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