i don't see the 1:1 vr 1:0.5 very important. I read the 10K filing for OSK Capital II and they had about 3 million+ outstanding 25M authorised. From what i can tell all but a handfull of those 3million+ shares is held by 3 people. I guess for us to get the full 25 Million they must be handing these over for a cash settlement.
Therefore Teliphone will own 100% of the OSK capital shares.
of the 104 shares of teliphone 100 is owned by UAMA. I suspect UAMA will keep 20% or so to retain an interest in the company. Probably in OSK shares.