We are getting a distribution of shares from the newly capitalized BVIG. Ken will also get shares. I think he owns 165,000,000 of the 600,000,000 katx share outstanding.
In the end you end up with the same ownership % of katx as you previously had and also an ownership in BVIG. I can't recall the share count at BVIG. Whatever that is, you own a qty equal to 1 share for every 4 shares of KATX you owned at the EOD on July 16th.