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Re: hesontheloose post# 2407

Friday, 06/23/2023 9:28:36 PM

Friday, June 23, 2023 9:28:36 PM

Post# of 21178
Thank you. Yesterday was the third days and today is the fourth days shares count unchanged. People don't realize in order for the company to ensure that the spin-off does not violate any debt covenants or negatively impact the rights and interests of the debt holders. In a spin-off, a company separates a portion of its business into a new independent entity, and this new entity can assume its own liabilities and debt obligations. Therefore, the company must take a necessary step to clean the book for the spin-off. We now are debt free, ready for the spinoff. Pay off these old debts that is a very smart move, beside added another few hundred million shares on the book with a market cap still under million dollars I think is ok not a big deal at all.

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