The spin-off will be a wholly owned subsidiary in my opinion...if not wholly owned then majority owned by the board of directors and shareholders of IBCX. It could be a good move or could not be. It is still to early to tell for sure. However if any type of CASH dividend is involved which is mentioned as a possiblity in the PR, then you won't even remember what .02 looks like anymore. Try .20 instead...
The coming days and weeks should be interesting...