"Assuming BMSN issues no additional common or preferred shares after September 22, 2013, which cannot be assured, each BMSN common and preferred shareholder of record as of the Record Date will receive one common share of Regen for each 113 common and/or preferred shares of BMSN held of record as of that date. No fractional shares will be distributed. The Distribution Date will be ---- days after the Record Date."