"For example, if at the time of the Flip-In Event the Exercise Price is $15 and the Market Price of the Common Shares is $5, the holder of each Right would be entitled to purchase Common Shares having an aggregate market price of $30 (that is, 6 Common Shares) for $15 (that is, a 50% discount from the market price)."

How does this translate? Anyone? My head hurts from putting it through the TV. I'm assuming each common share is good for one right.