RE:FWIW BVTAre you talking about the value of their TC portion coming down after the spin off? I belive that to be incorrect.....not saying it won't, but it shouldn't.....I am unsure what to value all their other properties at....They face the same struggle as TUD with those in that they are 100% responsible for the development costs....Dino is historically very opposed to dilution though........he runs a tight ship...