I think it was a reverse merger. Novastar was dissolved after the merger. Either way, the deal was a freak of market nature that was probably a mistake on the CEO's part. If it weren’t for that then we would not be able to invest. Private would probably have spun an IPO at $1bil a year later.
THPW is like being able to take a stake in google when they were working out of their garage. Big opportunity.