Carve-Outs
posted on
Dec 20, 2015 10:44AM
I've never heard of this before but maybe this is how many of you have been thinking in relation to the current proposal.
So if a carve-out is in their plan maybe ZCC can do an IPO for ZLtd. If 34.4 million shares go for $5.00/share, ZLtd. will raise $172 million and at a later date they distribute 34.4% = $59 million between the roughly 105 million current Zenith
shareholders...is that how it works?
You are all apparently way ahead of me and I'm just guessing so I would appreciate a reply from someone...anyone??
Thanks,
PVLee