Replies to post #59099 on TommyBoyTrader

[TommyBoyTrader9460]

$POWW Very interesting…
Current AMMO (Nasdaq: POWW) shareholders will retain their full shares in Outdoor Online, which will be the new name of that company. This means that if you own 100,000 shares of POWW on the spin-off’s record date, you will own 100,000 shares of Outdoor Online on the spin-off’s distribution date. In addition, following the distribution of AOS’s shares, all POWW shareholders will own the same percentage of AOS shares as they do of POWW. In other words, if you own one-half of one percent (0.5%) of POWW on the spin-off’s record date, you will own one-half of one percent (0.5%) of AOS’s shares on the spin-off’s distribution date. Although the AOS share count hasn’t yet been finalized, solely by way of example, if the total AOS share count outstanding at the closing of the spin-off transaction is the same as the outstanding shares in POWW, you would receive one AOS share for every share of POWW you own.