common shares
I have 119,110 shares of pre-consolodation MBAC. Does this mean I now have 1,191 shares? : -- Common shares of MBAC Amalco ("Common Shares") issued and outstanding immediately prior to the implementation of the Plan were consolidated at a ratio of one (1) post-consolidation Common Share for each 100 pre- consolidation Common Shares (the "Consolidation"). Any fractional Common Shares resulting from the Consolidation were rounded down to the next whole share without any additional compensation thereof. As a result of the Consolidation and the other steps described below, holders of such shares represent approximately 3.48% of the equity of MBAC Amalco in the aggregate. A letter of transmittal with respect to the Consolidation will be mailed to affected shareholders which letter sets out instructions as to how registered shareholders can receive certificates representing post-Consolidation Common Shares. : "