Maybe Dennis Fisher doesnt want to reveal what the price of the new share will be? That's leaving an open door for all the short sellers. I think he will reveal a price of the new share rather than the multiple of the market value. Even if we have the multiplier, he will drop some big PRs with real value. Re-read the 2 Oct 09 PR....HE CLEARLY STATES THAT ALL SHAREHOLDERS WILL BENEFIT!!!!!
Besides I wont worry too much if it drops below after the merger. I know it will jump back up. Again, my DD has me convinced that this will become a fortune 500 company in the future. It all starts with a dream.
Dolphy, I'm pretty sure Dennis said in a PR that the new PPS will definately be 10X the closing pps of BEHL on the Record Date Close. IE if BEHL, on Record Date, closes at .10 the the new Ticker will open next morning at $1
There was absolutely nothing said in a PR about a 10 for 1 exchange of stock. This is a 'merger' and if you own $10,000 worth of BEHL stock on the record date, you will receive $10,000 worth of the new company's stock as of that same date (PLUS A 10% BONUS in the form of the merged company's stock).