AFTER THE DIVIDEND IS ISSUED THERE WILL BE 143M SHARES (5M THE NEW COMPANY HAS CURRENTLY OUTSANDING + 138M THAT WE PTEL SHAREHOLDERS ARE RECEIVING)IN THE NEW COMPANY. PTEL IS PAYING $7.5M ($1.50 PER SHARE STRIKE PRICE X 5M SHARES CURRENTLY OUSTANDING) FOR THESE SHARES. 143M SHARES DIVIDED INTO $7.5M PTEL IS PAYING = $ .052 MARKET VALUE PER SHARE OF THE NEW COMPANY. THIS IS LIKE A FORWARD SPLIT.