Cat - I believe previously Owens was giving away 25% of the company to QASP and retaining 75% based on the Jan 27 LOI for the merger. I suspect because the filing will be more expensive to provide us with free trading shares, he has reduced that to 22%/78%. IMO this won't affect the ratio of QASP shares given up for one of the new shell shares (1 for 4, 1 for 8, 1 for 10, whatever), it will just affect the number of shares Owens receives from our basis, which was 3 times our basis (75/25%) previously and now will be 3.545 times our basis (78/22%).
Makamai
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