I believe Koos' master plan is to grow regen independently of BMSN. Dividend shares will be coming from BMSN's holdings of 50M. They will be giving half of those shares directly to us shareholders and keeping the rest. By reducing BMSN's holdings in regen, it eliminates the chance of a BMSN bankruptcy effecting regen. If BMSN went into bankruptcy right now, a judge would force Koos to sell off regen assets to pay BMSN debts. If BMSN reduces it's ownership stake in regen, a judge would only be able require BMSN to sell its stake in regen leaving regen intact after a BMSN bankruptcy. Then, Koos can take his shares of regen and walk away from BMSN. Oh, by the way, he can dilute regen to to further minimize the impact of a BMSN bankruptcy. All this is legal even though all of BMSN's assets have been transferred over to regen because it was a wholly owned subsidiary at the time. Once the s1 is submitted, they will be two separate entities: one with an attractive share structure, lots of ip, no debt and a bright future. The other will have 5B share holders and loads of debt.