Form 8806 for Rhythm North America Corp.
|
Name and address of the reporting corporation: |
Rhythm North America Corp. |
|
Date of transaction: |
04-01-06 |
|
Description of the transaction |
Each outstanding share of Common stock of Rhythm North America Corporation (the reporting corporation) converted into the right to receive 20 shares of the Common stock of Big Bend Technology Inc. (the acquiring corporation). |
|
Did the reporting corporation’s shareholders receive any stock or other property in exchange for their stock in the reporting corporation, for which the reporting corporation has reasonably determined that the shareholders are required to recognize gain (if any).from the exchange of such stock? |
yes |
|
Fair market value of the stock or other property received |
$300,000 |
|
Description of the stock or other property received |
The total common stock of Big Bend Technology Inc. received by Rhythm North America is 6,000 shares (20 x 300) as of April 1, 2006, which held by Rhythm Corporation in Japan. The fair market value is $50 per share of the common stock of Big Bend Technology Inc. as April 1, 2006. |
