big,
I have not been able to find info on Privco.
I have seen this tactic before, the new public offering may have 2 billion shares worth .0001 floating the shares given away at offering.
You may have a million shares of teco and the dividend share may be, say 10% or 100,000 shares of the new company..net dividend a whopping $10.
I guess this is okay, but you have a commission loss if you tried to sell. most times you just file a tax loss.
One thing to note, it does recalculate the actual shares of teco and damage the Naked shares.
This is only my opinion and could be open for correction.
