I was trying to read up on the NGIO spin and what
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Posted On: 03/24/2020 10:32:14 PM
I was trying to read up on the NGIO spin and what might need to happen after Form 10 is approved (filed on 3/12, to become effective after 60 days (or sooner?) on 5/11.
I found this article somewhat helpful, even though it's from 2010 (click 2nd link on this search result to get PDF... check out the "Spinoff Transaction Timetable):
https://www.google.com/url?sa=t&rct=j&...s7v7M6fftS
It appears to me that, if all the necessary items are taken care of during the 60 day period, there would need to be a Generex board meeting after the approval ("typically 2 to 4 weeks before completion of spinoff"
. Then record date set for shares set ("typically less than 2 weeks before distribution date" .
So it looks like, if the Form 10 becomes effective 5/11, and IF all the details are taken care of along the way, NGIO could be spun by end of May...
Anyone have other thoughts?
I found this article somewhat helpful, even though it's from 2010 (click 2nd link on this search result to get PDF... check out the "Spinoff Transaction Timetable):
https://www.google.com/url?sa=t&rct=j&...s7v7M6fftS
It appears to me that, if all the necessary items are taken care of during the 60 day period, there would need to be a Generex board meeting after the approval ("typically 2 to 4 weeks before completion of spinoff"
. Then record date set for shares set ("typically less than 2 weeks before distribution date" . So it looks like, if the Form 10 becomes effective 5/11, and IF all the details are taken care of along the way, NGIO could be spun by end of May...
Anyone have other thoughts?
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