Thanks Buildit for these interesting and - in my v

Thanks Buildit for these interesting and - in my view - very realistic/conservative calculations. I think that there is nothing more to say about it.

Over the weekend I have thought in a little different direction.
What I still do not understand is why the PPS is not significantly moving up!?

Here is my little calculation.
Assume someone buys 1000 GNBT shares today and pays roughly $600. Now the dividend is paid and he/she now owns 1400 GNBT and 400 NGIO shares. After the spin these NGIO shares alone (they need to have a value of at least $2/share after the IPO, correct?) would have a value of at least $800. This way everyone would've gained $200 and get 1400 GNBT shares FOR FREE!!

So with that calculation in place, WHY THE HECK is the PPS still going down? For me the the only plausible answer is, someone is still selling big time or manipulating the PPS downwards. But WHY would e.g. CMP still sell their shares at these low PPS levels, if they think that they are eligible for the dividend?
Answer: They do not believe it themselves that they will receive the dividend and thus keep dumping their remaining shares into the market, for whatever reason!?

Your thoughts?