Verus International Inc (VRUS)

[asymmReturns]

Distribution Today? How is this supposed to work?

From the most recent press release:
"As previously reported, the SEC has approved the spin-off of the NestBuilder Real Estate Division and the distribution is set for May 18, 2018. Current RealBiz (RBIZ) shareholders will receive one (1) share of NestBuilder common stock for each three hundred (300) shares of RealBiz."


Based on this I, perhaps naively, thought that NestBuilder would arrive into my trading account where RBIZ lives. That did not happen. What was your perception of what was to occur? I honestly have no clue about the mechanics of something like this. I've never owned shares that had a spin-off of some kind.

Thanks for your input.