Am I correct to understand that a two for one of ESVS at three makes a share of ESVS worth $1.50. This certainly would explain why Zulu has been bogged down near .15,
I don't follow the thinking here PT. The relative values of the stock (and this the 10:1) were set in the agreement back a couple of months ago. Todays price, and any stock splits that occur after the agreement should not affect the ratio. Unless we're missing something in the agreement, if the deal is for 10:1, and split occurs, it becomes 10:2, not 20:1.
You've gotten it backwards, before the deal was officially announced, you had a ratio firmly set based on ownership, when in fact the ratio hadn't been set. Now that it has been set, you're looking for it to change. If this deal is on, it is at 10:1 (unless something was missed in the paperwork, which I haven't had a chance to review again).
Personally, as a shareholder I'd be concerned about whether the deal goes through at all, not what the ratio will be. The ESVS (and ZULU) track record for making it to the finish line has been pretty bad recently.
BF |
