True if everything is sold but what about the royalty preferred shares? They shouldn't be included in a deal unless the buyer is willing to pay their value which might be a fair amount. The Zenith buyer might have no interest in RVX so not want to pay a lot for RPS in RVX. That would leave them in ZCC and maybe some IP also for ZCC to continue with. If so, ZCC would have to retain some of the funds and distribute the rest.

I don't dispute that a sale of ZEL would generate more investment from ex-Zenith shareholders but I don't think any would come directly from ZCC rather from those shareholders. That was all DM was referring to 1 1/2 years ago also.