Replies to post #109251 on Savvy Trades and Investments

[larrybaz]

VASO - Reply from investor relations:

The exchange ratio is defined in the Business Combination Agreement as the Vaso per share equity value divided by the Achari share value at time of closing

The Vaso per share equity value is approximately $1.00 and the Achari value will be approximately $10 ( that can change)

Based on these values the exchange rate is approximately one post merger share for 10 pre merger Vaso shares


Michael J. Beecher
Chief Financial Officer
Vaso Corporation
[e-mail]

I don't understand how they get $1.00 for the VASO per share equity. Their equity per share is less than .15. I may trade this, but that's about it. Something just seems really strange about this.