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Re: nsomniyak post# 29588

Wednesday, 05/10/2023 1:18:35 PM

Wednesday, May 10, 2023 1:18:35 PM

Post# of 32180
I may be wrong, but I don't think they are spinning it off to shareholders of ILUS.

If I understand their M.O., they like to hold 51% of these subsidiaries, not spin off/spin out the whole subsidiary. So I think they will sell 49% of the company to the public, with ILUS retaining the balance. This will bring cash into ILUS, and indirectly help s/h via an increase in ILUS value.
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