InvestorsHub Logo
Followers 38
Posts 1432
Boards Moderated 0
Alias Born 06/25/2009

Re: Renee post# 51117

Sunday, 11/22/2009 11:23:12 AM

Sunday, November 22, 2009 11:23:12 AM

Post# of 103340
Seabiscuit,

The press release says:

"It is the company's intention to spin off its etc.
division into a privately held entity with the same
shareholder base as the parent company Expo Holdings, Inc.
It is expected that shares will be distributed on a
1 share in the private entity for
each 10 shares held in Expo Holdings, Inc. at the record date."

I do not see that your statement "Two separate entities but one owner , Expo Holdings . " is entirely accurate. There will be 2 seperate companies, but the sharholders of EXPH on the reord date will be the owner of ETC. Thus ETC earnings would not be included in EXPH earnings, in fact they would not disclose ETC earnings to the pubic at all, just ETC shareholders.

Just the way I see it.

GLTA
LLH