Friday, November 13, 2020 11:08:29 AM
Shares in the newly spun-off company are given to shareholders of the parent company. Those new shares usually are tax free (depending how the company does this departure).
Here you would hold shares in both DSGT and New Co.
or
Shareholders of the parent company relinquish their shares for new shares in the new company.
Either way, it is a positive going forward.
The company should disclose this more in the Conference Call.
This should be the main concern for shareholders during the call, specifics on what will actually happen here.
The rest of the info they are going to disclose pertaining to the business/company is important but I feel, the spin-off, partial buyout and the amount of cash being brought into the new company trumps everything else.
It should be an interesting 45 minutes on Monday.
AMHO.
Recent DSGT News
- Form 8-K - Current report • Edgar (US Regulatory) • 07/05/2024 09:29:16 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 10:20:11 PM
CBD Life Sciences Inc. (CBDL) Launches High-Demand Mushroom Gummy Line for Targeted Wellness Needs, Tapping into a Booming $20 Billion Market • CBDL • Oct 31, 2024 8:00 AM
Nerds On Site Announces Q1 Growth and New Initiatives for the Remainder of 2024 • NOSUF • Oct 31, 2024 7:01 AM
Innovation Beverage Group Receives Largest Shipment of its Top-Selling Bitters to Date in the U.S.-Ready to Meet Growing Demand from Expanding Distribution Network • IBG • Oct 30, 2024 12:22 PM
Element79 Gold Corp to Update Investors on the Emerging Growth Conference on October 31, 2024 • ELMGF • Oct 30, 2024 9:08 AM
CBD Life Sciences Inc. (CBDL) Announces Grand View Research Report Findings on High - Growth CBD Equine Market, Aiming to Drive Unprecedented Shareholder Value • CBDL • Oct 29, 2024 10:19 AM
Integrated Ventures Announces Partnership And Lease Agreement with Driptide Wellness - Leading Health and Wellness Provider. • INTV • Oct 29, 2024 8:45 AM