Signature Devices Inc. (SDVI)

[fear ceoil]

The IPO gives value to the dividend.

Without Graffiti going public, the dividend share of Graffiti has no predictable or verifiable value. You could sell it back to the private company, but they could say its only worth $.0001. On a public exchange the company would be valued openly and you know what you are getting. The biggest gamble of all of this after the dividend dispersement is what value will the market place on Graffiti? Not much of a gamble if one got their share practically for free to begin with.
So, how an IPO could be a turn off in this case is beyond reason, unless there is the short position.