Not a problem. I have given you the best answer I can provide.
I suspect if they were talking 100th of a cent, it would read .0001, tenth of a cent, .0010 . The PR was pretty much in laymen terms, to me ($0.01) is a cent, but I do see the c on one PR, and I suspect that to be a happy c.( put there unintentionally by mistake.)
However if there is a $ sign in front of that .01 ($0.01) , I read it as one penny, one 100th of a dollar, but that's just me.
I have no affiliation with WNTR other than being a shareholder. I am however a financial analyst, and sift through financials daily. That being said, I am by no means perfect, however, I believe $0.01 cent per share of WNTR is feasible. I suspect the reason this is hard to believe is because of where the pps of WNTR is now.
Sure, the pps of WNTR is currently under $0.01 , The projected spin off is only to be initiated around June 30.
There are about 30 trading days left between now and then. I highly doubt, (but could be wrong) that WNTR's pps will be under $0.01 during that time.
I agree, discrepancies as such can cause confusions, and should be addressed to those who are unsure. As trading in the subs , the smallest detail should be precise.
As you mentioned, 1 cent per 1 share of WNTR sounds too good to be true. I would suspect that is why you are a WNTR long, because, most of the PR's that have been released are.....too good to be true.
Going with that ideology , I will assume the pps of WNTR will be above 1 cent by 6/30, and there will be a 1 cent divy per share of WNTR. Could be wrong, but could be right.
It would be a waste of time asking members on this board what they think , only to rebut their opinions, and have the same question remain that, for you, can only be satisfied by one person.
I'd say if that is of high concern, (which is great), please send Frank an email, or call him as I have and ask him. He will be the only one who can satisfy your inquiry. It clearly is not insider information as it has been PR'd. Just let him know you would like clarification of the discrepancy, so you may sleep a little better.
(You may want to let him enjoy this holiday weekend with his family, and initiate dialogue maybe Monday night/Tues morn.)
He is pretty good at addressing shareholders concerns.
Ultimately, I hope it is , for you, whatever you would like it to be.
Good luck with all your investments, thanks for your post & have a great holiday wknd.
WNTR
All opinions are.....opinions.
Mellymell2014@outlook.com
