Look, a little more DD and you will find in that same report, that there was a block of approximately 76,000,000 shares set aside for the spin-off. Now, with 1,600,000,000 billion shares outstanding on the date of record and a 1 for 12 spin-off means that 135,000,000 shares were needed to be set aside for the spin-off. Although, that included Buzzy's shares too and he owned a little more than half the OS, just over 800,000,000 million shares. However, Buzzy said he will not receive any spin-off shares, so, when you subtract little over half the set aside, 68,000,000, it leaves only about 67,000,000 shares needed to cover all the shareholders of record on the date of record, 10-31-17.
Bottom line, the 76,000,000 million share block set aside for the spin-off is more than enough to cover the shareholders of record, and the distribution will begin any day now, in fact, Vgroup has already spoken to the TA. Now, like everyone else, I thought this spin-off would be faster than Fernhill as that one should have paved the way. Although, it seems FINRA, the Government, operates at one speed and we are again on the same damn two year timeline. On the bight side though, we are now less than a month away from two years...
Go Buzzy, get it done! Go Mike, no body is going to hand it to you on a silver platter and you are going to have to work hard to make this company succeed. That said, I have faith that you will succeed in a spectacular way! $LOFB...
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