From what I read here, I would think they will EXCHANGE MAMG shares held by shareholders for shares of PEDG.But they would be RESTICTED for a period of time,1-2 years is my guess.
I still hold a lousy 41 shares of MAMG in 2 accounts at AMERITRADE.glt all the PEDG shareholders here. Rick c--------------
PEDG -- PrimEdge, Inc.
Com ($0.0001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
PrimEdge Common Stock to Be Distributed to Shareholders of Media Magic, Inc., Concluding PrimEdge Acquisitions of Media Magic's Subsidiaries
BOCA RATON, FL, May 08, 2007 (MARKET WIRE via COMTEX) -- PrimEdge announced today that its Board of Directors has authorized the issuance of the Company's restricted common stock to Media Magic, Inc. shareholders on a pro rata basis, pursuant to the terms of the acquisition agreement in which PrimEdge (PINKSHEETS: PEDG) acquired Orangebox Entertainment, Inc. from Media Magic, Inc. in March 2007.
This is the second acquisition by PrimEdge of a subsidiary of Media Magic, Inc. In July 2006, PrimEdge acquired the former DigiKidz, Inc., recently renamed Prime Media, Inc. to better reflect the core business, also for restricted common stock.
After Media Magic, Inc. receives the PrimEdge common shares pursuant to the two acquisition agreements with PrimEdge, Media Magic, Inc. will distribute these shares to its shareholders. Media Magic anticipates this distribution to be completed by mid-July 2007.
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