Seems to be some confusion with InVogue. If InVogue is a separate co.,and it looks like it is, then shares have already been issued. You can't have a corporation without issued shares. Question is who owns the shares. We don't know. MNTY could own all the shares of InVogue. If InVogue is later spun off, that has no effect on the value of the shares owned by MNTY and thus MNTY shareholders. Let's say InVogue is worth $5,000,000 and has 1,000,000 shares issued to MNTY. Theoretically each share is worth $5.00. InVogue is spun off and then InVogue issues 2,000,000 more shares to public shareholders and collects $10,000,000 for them. Now InVogue has 3,000,000 shares issued and in worth $15,000,000. Same as before spin off - each share worth $5.00. Only difference is MNTY shareholders now own 1/3 of company worth $15,000,000 instead of all of company worth $5,000,000. Everybody is spending inordinate amounts of time speculating on what is fact. We don't know yet. CHILL!!
