A dog that HuntsGreat Bear Resources just annouced its version of a spinco. I will to to highlight the differences.
1. All of the stock in GBR spinco goes to the shareholder because management said this was the "fair way".
2. 1 share per 4 owned is a One to One as ALL of the stock goes to the shareholders and None is retained by the corperation.
3. The reasons for the spinout will be discussed in a soon to be released circular but rest assurred that it was done to protect and enhance shareholder value.
4. GBR also had a stock rollback and then hit paydirt the stock is now approaching 9 dollars as they own 100 percent of the Dixie lake as we owned 100 percent of Treaty Creek. We could very well have a larger asset than they!
5. Also, they put in 1 million dollars worth of securities they own and $500,000 in cash into Spinco to cash up and further reward shareholders.
6. You see how the market has treated this stock price! This could be Teuton! Dino, become the hero you should be! Reward the long-suffering shareholder! Make the just, right , and fair choices and let your newly motivated, trust-filled, cashed up shareholders be your backers!