Replies to post #21616 on Atlantis Technology Group (ATNPQ)

[trdwatch]

Compare what we've been told ....

Atlantis Technology Group's Board of Directors has scheduled a meeting for June 18th, 2010 to review its decision not to spin off Global Online Television Corporation and also discuss a merger, acquisition, or buyout. It is the intent, if approved by the Board of Directors, for GOTV to become a publicly traded entity as a Pinksheet or a Bulletin Board. The board is reviewing the spin off again because of recent events that have occurred that will benefit the Atlantis shareholders.

If approved by the Board of Directors there will be final dividend of Global Online Television Corporation shares. The details if approved by the Board of Directors will be released after the June 18th, 2010 meeting.

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Contingent Value Rights - CVR


What Does Contingent Value Rights - CVR Mean?
A type of right given to shareholders of an acquired company (or a company facing major restructuring) that ensures they receive additional benefit if a specified event occurs. A contingent value right is similar to an option because it often has an expiration date that relates to the time the contingent event must occur.


Investopedia explains Contingent Value Rights - CVR
For example, shareholders of an acquired company may receive a CVR that enables them to receive additional shares of the target company in the event that target company's share price falls below a certain level by a specified date.

Another example of a CVR would be for a target company to set aside a large sum of money that would be transferred to the shareholders of the acquired company in the event that the price of the target company's shares do not meet a certain target or fall below a specified price.