So, even though we might get $.07 less in your buyout scenario, we presumably will get at least that amount of value from whatever they spend the money on in our new venture.

Yes and another way of seeing it is if they do a liquidity event on Schaft and a Spinco with Arizona, you get your buyout pay + keep the shares in the spinco as a freebee. At that point they should do a split 10/1....it ends up being the same.

Insider will still own AND HOLD 70% of that new company = 70% of 40 million shares...

12 million shares left....(from that remove retail holdings and others...) Not many shares left for those new US funds looking to build a business relationship with CUU management...