Xilo, to answer your question…
Please keep in mind that the exact details "officially released" will trump anything that any of us post to explain the finalized details. However, from the way how it was explained to me, BLDV will go away and trade to be the new entity it is reverse merging upwards into that is already on the OTCBB/NASDAQ.
Basically, the same thing that you said transpired when Combined Ins. Co. of America folded into AON on the NYSE is what is expected to happen here between BLDV and that higher trading company.
v/r
Sterling