I find your dividend idea intriguing. I didn't respond because I don't have any experience in spinoffs and their possible structures. That's why I found your articles so interesting. Many possibilities here, and I'm confident Gerald's background in financial engineering and his advisor's experience will enable them to select an option that works best for the company and shareholders.

I did post previously about tax consequences and determining cost basis in the spinoff shares we're likely to receive if this occurs. I know more about these aspects than the business side of it.