Regarding spinoff...we will get 1 share of the new company for every 4 shares ECNC owned. Even though the shares in ecnc remains the same, the valuation changes. ECNC will not be able to claim the revenues from the new company. As an example, take a look at the chart (from Yahoo) for COMS when they spun off PALM. Looks like a tragedy occurred at that time, but it was really just the spin off....
Please note that many of the other charts that I looked at (Quicken, SmartMoney, StockPoint, etc.) have adjusted the charts to reflect the spin-off (just like they do for a split). Yahoo's chart showed the valuation difference very clearly.
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