International Aerospace Enterprises, Inc.(fka IARO)

[gryfus]

Well it's a bit more complicated and in fact they didn't explained it very well... it's going to public as a separate entity on the London Plus Exchange.

So, for example, if they are going to issue 100 million shares of that division, they sell 49 millions of them to the public in London and they keep 51 millions to CLBE, then it would be a subsidiary owned by CLBE but not fully. So for example if you owned 1.3 millions shares of CLBE (1% of CLBE) then you would be the owner of 1% of the 51 millions shares of the UK subsidiary owned by CLBE. CLBE will not issue those UK shares to you as a dividend at first, but they may in the future. I think that's the way it's going to be as they explained in their prs.

The most important thing that matters is that they don't want to dilute CLBE stock but they want to finance the UK division only with the money raised on the London Exchange, so we will not be affected by any diluting in London.