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To: Cressidaadr who wrote (21198)4/29/2005 1:39:01 AM
From: Spekulatius  Respond to of 78476
 
re OSHC book value:

You are correct that the book value stated has to do with the MHC conversion. 55% of OSHC's share are at the MHC holding company - they are reserved for the 2nd step conversion. They will be issued at whatever the current market price of OSHC will be in a couple of years and proceeds will go to the company.
Message 21145569