PeterGates, answers; 1) The CEO of ECDC personally owns all subs. ECDC has nothing to "spin-off". 2) Thus; none. 3) Page 8-18; http://www.sec.gov/Archives/edgar/data/1256540/000101968714003296/ecdc_10q-063014.htm IMO it is impossible to read ECDC SEC filings and want to buy ECDC stock afterwards. Good luck.