It's about unlocking value for shareholders when the market is asleep and giving nothing for it.
I've been through this several times with the most recent example being JMS, as it's currently spinning off an asset into a new IPO. I have another 2 resource companies considering the same, so it's definitely not a rare move. If you believe in the board then you back their decision for the move... if you don't, you sell and move on. More details will follow, so you'll have plenty of time to make your decision .
AJQ Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
(20min delay)