Actually, I like Poly's suggestion the best. Maybe there is no intention to split Windfall off. Maybe they are keeping Windfall,with RN continuing to run it, and splitting off Mcfaulds area to a new entity.

In this scenario, they would announce the spin off as a new company, issue one share for each 5 not shares presently held,have some arrangement in place for the other players to join on some sort of ratio depending on what they have found to date, and announce a private placement for this new entity at whatever the market is at the time.

This way NOT would get to keep and develop Windfall as they originally planned, with us as shareholders. We would also get to participate in the new venture by way of the share issue. The new venture offering would be taken up by a major and the whole thing would be poised to grow.

There are many possibilities which will arise as this thing goes forward, and as D12 says they are all just speculation. The above one though does have my vote as a very possible one.

Regards

K