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Re: gosox12 post# 19921

Friday, 11/03/2023 2:00:11 PM

Friday, November 03, 2023 2:00:11 PM

Post# of 21680
You're mixing (conflating) ideas here.

Divisions, like LiveStock don't have their own private shares. They don't have any shares that exist in the real world. If a division becomes a new public company, it divests from the parent company, drops off the parent's books, and then needs new shares registered and sold as an IPO, or takes some percentage of the parent's public shares on the way out the door. All being publicly disclosed. Therefore, if LiveStock wants to trade on a public exchange anytime in the future, it needs to completely divest itself from Bio and either take shares with them or register brand new shares and offer them in an IPO. That won't happen here.

Second, if a public company like BIO wants to actually spinoff a division as a separate company while ALSO letting that new company take "shares" on the way out, the parent company must announce the allocation. Why? Because current investors are going to lose a big chunk of their investment as their OS shrinks. It's a 1 for 1 deal as explained by snow. The "lost" parent shares go to the new INDEPENDENT company and the new company registers those "gained" shares. It's simple math. Parent keeps 2/3 for example and new INDEPENDENT company gets 1/3. It still equals 1. As a shareholder, you would own shares in 2 public companies.

BUT THAT IS NOT HAPPENING HERE. All Bio did was "spinoff" the division of LiveStock into a wholly-owned subsidiary. Read the financials. Bio still counts Live sales on its books. Read the websites and PRs. Live identifies itself as a wholly-owned subsidiary. It's not a separate independent company. That's the big difference you fail to acknowledge.

You can't have it both ways. You can't have a separate public company that is wholly-owned by a parent public company. This is such basic stuff, why try to muddy the waters?

The Big Lie here is anyone who keeps saying just wait...it will happen soon....they're getting their ducks in a row. That is the load of BS and a hopium lie designed to keep folks buying and running the price up. I will repeat, the company BDPT never, ever publicly disclosed a plan to spinoff LiveStock shares. That is a material fact that would affect the investment in BDPT. Hope this clears it up for you.
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