Badge, relax - I was just joking , there is nothing to talk about this days - summer doldrums. All right, I will attempt to answer your question for real now:
As I mention before, spin-out will occur sometimes in the late Fall of 2012. The Date will be retroactive. None of us know exactly, but we can guess that it would say something like : ... retroactive to shareholders of record on August 2012.
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