why would anyone buy , if the are interested in cen bio..you can't buy cen bio shares until the spin-off, because existing shares are fitx....and if you sell now. you loose the spinoff shares..sshorts and people who want fix are the only ones who should buy
the only reason fitx would ask for an extension is because they have a very weak case and they know that a second rejection is the end..if you have a strong case , you don't give a reason that there is a government change going on , and out case will sound better to them
don't forget the 700 to 1 spin off..that makes the price look artificially higher, but, your right, you don't spin off a larger piece of the company than what remains...the problem i have is there is no info on what is going on..
I would expect fitx to go to .003 and cen bio to about 2.10...after that, who knows, but I see no big jump up.
unless they are attacking with plug fork trucks..what has this to do with this board
assuming you are serious..when the spin off occurs, you (your account) will be issued the proper fractional share that is appropriate...whether you will be issued 1000.6 or .6 shares, it will be treated the same
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