I have my speculative opinion.. First of all I was very
I have my speculative opinion.. First of all I was very upset by the moderator of the OMB kicking the can down the road until October. But after listening to the audio it's easy to see that this is not agenda driven or someone having an ax to grind against Bill per say.. It's just the damn slow process. With that in mind I have been thinking long and hard all day long.
You see, Bill was not caught off guard by this. As a matter of fact he expected it and was prepared beforehand. Now consider that the form 10 paperwork was filed already with the SEC... This changes nothing. I have heard opinion that the license is necessary to spin-off cen because the license is what adds VALUE to the company... While I agree with that opinion and I feel it is the huge catalyst that we are all anxiously waiting upon.. I feel in my heart that Bill decided he couldn't wait any longer for Canada to pull there heads out of their asses and we are stuck in limbo for who knows how long. I had also heard that the merger with RXNB should take place after license to keep fuel on the fire after license and spin-off.
Well the paperwork was filed so that shares can be issued in March in spite of Bill knowing the OMB hearing would be "out there somewhere"... I also understand that you can't spin-off a company with zero assets.. You cannot spin-off a company that only has an Empty Building and the property underneath because at that point it has NO VALUE... So the SEC has to approve a spin-off of something tangible (forget about the intangibles)... Now what tangible assests does Bill have that can benefit shareholders and what is he holding up his sleeve... We have heard before about the other 99%... Well a CEO can keep that all private when the company is private.. But once it is a publicly traded company we all need to know what it is that we are holding (or trading). It's time for some of the other 99% to be revealed. (after shares hit your accounts in March)
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