My understanding without the prospectusMy understanding with limited info at this stage is "Newco" is a company being newly formed.
$80,000,000 cash to sharholders for all their shares - ($80,000,000 divided by 262 million shares is
.30 per share plus .30 worth of shares in the new company. December is the last dividend. Basically, Newco witll be the old Gear starting over at .30 cents per share with no dividend.
After 4 years being invested in Gear i am selling my 242,000 shares and shopping for another Dividend stock. GLTA