Replies to post #121 on China Liberal Education Holdings Ltd (CLEU)

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I think there is a bit more to it, plus the shares will restricted for 6 months to a year. What will be the value of the newly issued shares? I think a acquisition of that size is likely to be handled like a RM. We will see. CLEU may also know their shares will be worth a lot more than they are now, for the 30 days prior to closing.

“ On the closing date of the Acquisition, all the equity interests of Aiways will be converted into the ordinary shares of ListCo, in each case based on the applicable conversion ratio that will represent an aggregate number of newly issued ListCo's ordinary shares equal to the Equity Value divided by the volume-weighted average price of ListCo's ordinary shares as quoted on Nasdaq for a 30 trading-day-period prior to the date of execution of the definitive agreement. ”