once again, here is the link, paragraph 2, last two sentences. phi obviously saw the value in the company. it didnt work out so they parted ways. they still gave shareholders a special dividend. end of story. it doesnt really matter if you call it a spin off, write off or whatever. shareholders profited from it because of phil. ttps://www.sec.gov/Archives/edgar/data/1378624/000137862406000007/eb10sba122206.htm
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