Um, worthindRead merger docs. The basis for calculation was an...

Um, worthind

Read merger docs.

The basis for calculation was an implied value for PGL @$1.35
and a previous day sp close for AVX.
The prior day close for PGL was 90c

So even if we adjust "the implied value" to $1.25 accounting for the current 80c sp.(WHICH,REMEMBER INCLUDES THE DISCOUNT FOR EX BUY BACK RIGHTS)

At current sp AVX 7c and adjusted "implied value" the ratio of AVX shares to 1 PGL share is still a whopping 17.857 avx shares.

That's a 39 % advantage for AVX holders.


As I see it this is the MOST advantageous method of looking at it for PGL holders....

NOT GOOD WHICH EVER WAY YOU LOOK AT IT FOR PGL HOLDERS AND GETTING WORSE BY THE DAY.

VOTE NO TO THE MERGER....PGL IS NOT A CHARITY!!!!!!!!!!!!!!!