separate entity. shares in new entity are given to shareholders of WLAN as a "dividend". Nobody knows the ratio WLAN shares to shares of the new entity. Could get one new entity share for every 500/1000/100000 shares you have a WLAN. bottom line is that you get shares of a new company based on how many shares you have in WLAN. i have no idea where they are in this process, but generally that's how spinoffs work.
I dont think they can spinoff a shell, otherwise all companies would unload their debt this way. I think they need to provide some sort of viable business plan and interest, witht the debtload.
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