For any spin off, the company sets a "record date" and shareholders of record on that date qualify and eventually receive the spin off shares, even if they subsequently sell their original shares. Spin off shares will have the same registration as the original shares - i.e. if your original shares are in your IRA, that is where your spinoff shares will go.
No record date has been set yet by LGTT for the spoofem.com spinoff.
They'll announce dates that you have to be a shareholder to receive the divy as well as a date the shares will be issued. Spoof 'em will have it's own ticker symbol.
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