Great point. I agree 100% any IPO is bad. 

Our stock has gone from 42 million shares fully diluted when Aubrey was in charge to 97 million under Francis and the gang.

The other thing that concerns me is this is just another avenue for the BOD and staff to line their pockets with options and cheap shares of the spin off IPO as well. Seen it to many times before. 

Just build shareholder value within the the current share structure