Re: ENTI:PTEL 1 to 1 share divi: Directly from Monday's PR (not today's):
below is my transcription of MONDAY's (not today's) section of CEO podcast regarding the 1:1 share divi (1 PTEL for every 1 ENTI to be given to ENTI shareholders)>>>
Tony Dibiase, CEO of ENTI AND PTEL:
"Again...I want to make this perfectly clear....we're not trading shares of encounter for pegasus, we are not merging these companies..we're not doing any sort of reverse splits or double decker or whatever you want to call it or anyone else on the boards tries to create....
These are going to be two separate companies..both eventually on the next trading board...pegasus obviously is already there..and whoever is a shareholder of encounter at the time, is going to be a shareholder in both companies...if you have 10 shares of encounter, once payable date paseses you'll have 10 shares of pegasus ...if you have 10 million shares of encounter, you'll have 10 million shares of pegasus...
....some of your questions have been relating to exactly how that's going to work..don't worry..we have it figured out, it's actually not as complicated as you might think, it's going to require some workings with the preferred shares of pegasus, but it's going to happen..."
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above is only my interpretation of what i heard CEO say..although i believe i captured it quite closely...posting the sections relevant to the post put forth by prior poster... :)
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