ten for one, page-42

It's purely cosmetic and psychological. The market in total will value OZL as an overall company the same as it does now. Individual shareholders will have differing opinions..... the same as they do now...... but overall they cancel each other out.

A classic example is Buddy with his pet gripe on AOE and their spinoff Dart(DTE). Originally AOE said they would issue 2 DTE share for each AOE share, then decided one was better. The reality was they wanted shares to trade around $1 plus, rather than around 50c each. Overall the market still values DTE in aggregate. Today it is valued at 1.17 per share or $636 million. If twice as many shares were issued then I believe DTE would not be valued any more than $636 million......possibly less. Buddy appears to feel they would be worth more. Neither of us will never know and we probably cancel each other out. It's whether an individual sees the glass half-full or half-empty when they each in fact are looking at the same glass.