PVLee ".... If they spin out Newco in the same manner as the old Spinco which is now Zenith Epiginetics Corp., we would get an equal number of shares of Newco as we currently have in ZCC. Then after Newco is spun out publicly you can sell your Newco shares and still keep the ZCC shares. That's why I say too don't get stuck on the 34.4 million...it's probably just for all the paperwork...."

I see no way for us to have "an equal number of shares of Newco as we currently have in [ZEC]". Newco will own all the assets of the Corporation (excluding Royalty Preferred Shares) and have 34.4 million shares at $1 US per share, i.e., Newco will be valued at $34m US. The only way I see to get there from the current 103 million shares ($1 US each) is to reduce our shares owned (in Newco) by 2/3.