CarbonMeta Technologies Inc (COWI)

[1manband]

Nope, not how it works. You also forget something else. The spin-off company is also BROKE. Not quite insolvent like COWI, but still broke. At the date of the last balance sheet, which is now over 6 months old, they had a whopping $496 in cash. Can't even file an S-1 amendment without raising more money - perhaps that is why no amendment has yet to be filed?

They will have to sell a TON of stock to get the money they need just to keep the doors open, much less actually conduct any operations (assuming they actually have any). COWI's shares will be diluted down to virtually nothing.