golden When a spinout occurs one must be prudent that a lot of times the company doing the spinout will see a drop in their share value.Also when thinking of spinouts you must remember that there is a cut off date for you to qualify for the shares of the spinoff company. SO, sometimes you must be prepared to sell as soon as the announcement is made. There maybe value in the main company still but in PENNY STOCKS that value can be fleeting.I'd be leary of a spinoff of engineer and that is my general feeling.But if I'm wrong I'll still be happy when RedQuest makes a move.