the exchange ratio for QBID shares into Cinimax is on the website
The QBID shareholders are to receive 25 billion shares of The Obion Group. What will be the QBID shareholders equity interest in The Obion Group? The equity interest in The Obion Group is in the process of being determined. The details regarding this will be communicated by The Obion Group. Please go to www.obiongroup.com.
What does Pro Rata Basis mean? This means you will have the same % ownership in Cinemax, based on a total ownership of 20% for QBID shareholders that you had in TMM. For example, if you own 10% of TMM you will own 2% in Cinemax. However, please note that Cinemax will contribute assets and have a stated value versus TMM which has no assets and a subsidiary (QTN) that is burdened with debt.
I don’t understand how these transactions will work. Can you clarify how this works? Without going into all the rules and regulations surrounding these transactions and trying to keep this simple, the transactions work as follows:
(1) Cinemax is a private held company. TMM is a public company. Cinemax is going to buy TMM and include assets into this public company. The public company going forward will be Cinemax;
(2) In addition to QBID shareholders interest in Cinemax, the QBID shareholders will have an equity interest in The Obion Group. See www.obiongroup.com for details. The Obion Group will purchase a public shell to become a publicly traded company. When this is completed, the QBID shareholders will receive an equity interest in The Obion Group...
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