RE:RE:RE:MD&A"I don't see guidance on what Canadian division is going to do going forward."
The same thing they have been doing in the past.
"Another question is, what will be an ownership structure of PNG division."
If you have 80 000 shares of High Arctic, you will end up with 20 000 shares each of the CDN company and the PNG company.
"Does that mean there will be roughly 12 ml shares outstanding of SpinCo?"
Yes
"And if there are any raise of capital (dilution) planned, going forward. I see nothing of that discussed."
Because there isn't any raise of capital planned. They have tons of cash and no debt. Even after the capital distribution, they will still have lots of cash in both companies and no debt.
"Press release look scary to me."
I guess things we don't understand always seem scary.
"There is nothing concrete, other than cash disctribution. I am sitting on almost a 100K shares and I do not like what I see."
They are returning capital to share holders, up to 38mil, or very close that. They are splitting the company in two. These two primary actions are concrete, they are tangible, they are clearly explained.
They are doing exactly what shareholders have been asking them to do.
No offense, but you sound sort of lost in space.