smacku911, the PR clearly states that eligible shareholders will receive a "unit" that will consist of 1 free-trading share AND 2 warrants. The first warrant will expire rather quickly but will allow the holding shareholder to purchase additional shares at 2/3 the average cost for the five preceding days. The dividend ratio is yet to be determined, as are the specifics in re the warrants. I would guess that the warrants would keep the same ratio which means that each eligible shareholder would get 'X' shares outright with the right to purchase an additional 'X' shares at the discount and then another 'X' shares at what the company hopes will be a discount.
The details of the spinoff are pending. Usually, shareholders total holdings, as of a specific date, will get shares in the new company @ a ratio of say 1:50, 100, 500 etc. depending on the # of shares in the market. Once the dividing # is announced they will be distributed to your brokerage and restricted from trading typically for a year.
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