Vilgot: how do you get $1.50/sh divi for the spin off? seems high. Rev 200 MUSD Margin 40% = 80 MUSD P/e 16 = Mcap 1280 MUSD Shares IPOed 33% = 422 MUSD 50% of IPO for Spec divi = 211 MUSD O/S 140 M = 1,5 USD spec divi/share