$TRNX after this, I’m not posting the correct information about the spinoff anymore. If you sell shares after the Record Date but before the Distribution Date, you lose your entitlement to the dividend. That entitlement goes to the buyer; the shares do not disappear or go back to the company. In the end, this means buyers can still get entitlement to the spinoff shares after the Record Date, and the OS of TRNF will be exactly 5x the OS of TRNX as of the Record Date. From now on if you post bad information, my boy DT is going to tell you what’s up. Get used to it folks because you are going to be seeing a lot of him.
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