RE:ConfusingWhat do you find confusing. It is interesting that Alamos paid just under $0.99/share for the $10 million in seed money. Spinco will have just over 138 million shares outstanding which I calculated based on the 19.99% ownership that Alamos has in the new company. So it seems that Alamos thinks Spinco is worth about $138 million. Initially I think there was talk that it would start trading for about $0.06/share so there is quite a discrepancy between what the talk was and what Alamos paid. I guess that could be a little confusing/interesting.