$BB We all maybe thinking wrongly about Project Imperium as it maybe about ascertaining the real value of CS, IOT and possibly IVY which is a JV between AWS and BB. The spin off maybe about IVY under BB/AWS umbrella with BB and AMZN holding 50% each of the shares and raising $$$. The advantage for BB is that IVY sits above QNX which is under IOT. This means that how many shares are allocated to each division and all the complexities involved...that maybe why JC said that there maybe be many steps.....however, the first step will involve clearing the debentures...the CFO saying evaluating many scenarios.