RE:RE:sabinaA couple other factors:
1). I'm not sure you can make a royalty into a publicly traded company.
2). How would the cash from the sale of Hackett shares to outside investors be divvied up between the two companies? I would assume most would be funneled into SBB, which would be the company that would need most of the cash. Hackett Co. would just get a little of the cash, enough to run bare bones administration of a company that simply owns a royalty.
3). How much cash would be generated and how many shares of SBB would exist after the deal would depend on how many of their shares SBB shareholders decided to convert to Hackett shares. I'm not sure how workable a spinoff like this is when the financial details of the post-spinoff companies has that kind of uncertainty.