what we know of the spin off is ..the date of record and the spin-off is the same day.your saying ,if we bought shares at 3:59 pm .we would get a 100% immediate dividend?????.no way..what will probably happen is that the market cap of the new company (cen bio) and the original fitx will be exactly what fitx was at 3:59 pm.. the companies will be apportioned according to what the value of each company is...i.e. if the market cap total is 30 mil and fitx is worth 20 mil..the cen bio will be worth 10 mil (just a guess)
Take the ten mil and divide by 7 million shares .and that will be your price..of course a 50/50 split would make cen bio shares higher.. but i see NO free lunch
the only license they need for giddy up is a lemonaid stand license ..of course cen biodoesn't look as good..
assuming that cen bio is spun off with a valuation equal to fitx (which i doubt) .that would mean that each company would have half of the market cap that now exists (23 million) that would mean 11.5 million..in cen bio case the share price after spin off would be 1.64...fitx would be .0023.....those I believe are the best we could hope for...not counting price rises on the stock before nov 30...that's my guess
i think everything depends on the cen bio spin off price nov 30. that will determine how much money we really have invested in a mj stock
you get no Free shares..the cost of the cen bio shares will be paid by a reduction in price of the fitx shares on nov. 30 close date...which is also the date of record for receiving the cen bio shares
The spin off leaves FITX with all the debt (which will quickly drive the stock to zero) .investors will be left with a very small fraction of their original investment..the spin-off in this case is really a reverse split in my opinion and if cen bio gets a license. we can make a small profit . This appears to have been their plan all along.remember " I will never do a reverse split "...nothing was said about a spin-off that does the same thing..It's legal..but. morally.you don't spin off all the value in a company and leave investors with very little , except debt..
i think by not getting their license..the money started to drain too fast and they had no money for giddy-up..at this point .giddy up looks like a bad dream an the only hope is to get a license to grow and maybe operate on a small scale until this pig gets going..no more giddy up
I just saw bigfoot chasing an alien............2 out of three ain't bad