19.679 SSTY shares @ $0.00169 = $0.033 1.0 ONTV share = $0.099 ($0.1989 adjusted for the split) ----------------------- TOTAL VALUE = $0.1685
Therefore, as of the close of business 3/17/06, approximately $0.033 worth of SSTY would give the shareholders of record approximately an additional $0.10 worth of ONTV stock for free. Michael Cimino, SSTY's president said: "As our Chairman, James Mackay said previously, we hope to follow this template (that is, shares in the public company will be delivered to SSTY's then-present shareholder base) with at least one other subsidiary of SSTY, Globe Staff. Although no specific plan exists for Globe Staff at this time, we are working diligently toward such an event."
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