$TRNX I spoke to Scott and he confirmed that the 5 for 1 is awarded across all shares no matter what. That means that there will be 5x the outstanding shares for TRNF as there are with TRNX. The record date is required by law for the spinoff, but because this is a dividend, the amount of share awarded is a fixed amount. So you could technically buy after the 29th and still get dividend spin off shares, but the price will most likely be higher. That is why we are not seeing upward momentum today. I think people will chase this up until the 5th.