Some of your own buddies, shaw, do not agree with you. How can you say it is clear ? If it was clear we would all be on the same song sheet .. and we most definitely are not. I say - the KATX shares that are trading right now carry the rights to participate in the spin-off if it ever happens. Some here say that is not true. If you buy some tomorrow you will get the KATG shares that go with them as part of the spin-off.