We got some good news from SPYR, Inc. (SPYR) folks - news that helps solidify the Company's focus and direction. Specifically, the news further communicates SPYR's commitment to mobile gaming, and more importantly the multi-billion dollar growth opportunity in eSports. Here's the details of what took place yesterday... SPYR announced a formal action by the Company's Board of Directors to initiate the legal and regulatory steps necessary to spin-off the Company's restaurant division, Eat at Joe's(R) as a separate publicly traded company. The spin-off company, currently operating under the name Eat at Joe's(R), will focus on the licensing or possibly franchising of the Eat at Joe's(R) name and concept and will also include the manufacture and distribution of branded foods. The company plans to achieve its goals related to branded foods in part by acquiring companies with new and interesting food concepts. In approving the action, the Board determined that "spinning off" its restaurant division would enable management to focus its attention on SPYR's core digital gaming business, while at the same time, providing its restaurant business with the necessary resources and management attention to separately develop and realize its full shareholder value. Further, spinning-off the restaurant entity will allow SPYR and Eat at Joe's(R) to separately raise capital and seek financing, which should allow each to do so more effectively and efficiently. The Company will soon complete the necessary steps to organize Eat at Joe's(R) as a separate entity. Then, SPYR and the new Eat at Joe's(R) entity will complete the regulatory components required to establish Eat at Joe's(R) as a separate public company; registering Eat at Joe's(R) common stock on Form 10; and, thereafter, filing an information statement and ancillary documents necessary to complete the spin-off transaction. As consideration for the spin-off transaction, SPYR shareholders of record as of May 19, 2017, will receive one share of Eat at Joe's(R) for every share of SPYR common stock that they own. "We are very excited about the prospects of the spin-off for our shareholders and the resultant separately trading public companies," said SPYR CEO & President, James R, Thompson. He continued: "Each company will be able to enjoy a separate identity, thereby allowing each to maximize value for its shareholders." SPYR will advise its shareholders of the process required to receive the dividend shares in Eat at Joe's(R). Bottom line - this will give all SPYR shareholders of record as of May 19, 2017, a dividend in the form of shares in what is to become a new and separate publicly traded company. SPYR will issue each of its shareholders an equal number of shares (1 for 1) in a new spin-off company, which SPYR is creating in order to divest itself from its restaurant division. So, if you own 1000 shares of SPYR on May 19th, you'll receive an additional 1000 shares of the newly formed spin-off company. Basically, SPYR is rewarding its shareholders for their patience and loyalty to the company. Simply by being a shareholder of record of SPYR on May 19th, each shareholder will be rewarded with dividend shares. SPYR has stated that after it concludes the spin-off of the restaurant division, the newly formed company will file a registration statement with the Securities and Exchange Commission qualifying it as a separate publicly traded entity with a separate trading symbol. What does this mean for investors? Well, before SPYR, Inc. ever existed, there was Eat at Joes, and it traded under the ticker symbol JOES. In the months leading up to the change in the company's business model, which eventually became SPYR, Inc., JOES was trading between .20-50/share. If the new spin-off company falls into the same price per share range, then owning 20,000 shares of SPYR on May 19th would mean you'd own between $4,000 and $10,000 worth of the new company. If you own 50,000 shares of SPYR on May 19th, then, using the previously stated price per share, you'd own between $10,000 and $25,000 worth of the new company -- free money. It's also interesting to speculate on how this is going to effect the massive short position in the stock, because if short sellers can't deliver on their borrow (as a result of the Company's recent dividend declaration), this could potentially create another short squeeze - like the one that helped catapult shares back in February of this year. History often has a funny way of repeating itself. Algae Dynamics Corp. (ADYNF) Commits to Shareholder Communications In other news, Algae Dynamics Corp, (ADYNF), a company we've continued to suggest has potential within the fast growing health and nutraceutical pharm space as it relates to clean algae and cannabis oils, announced today that it has retained the services of The Eversull Group (TEG), an experienced and successful Investor Relations and Shareholder Services firm, to assist the Company to increase visibility to the investment community, improve shareholder communications, and expand media relations. Richard Rusiniak, CEO of Algae Dynamics Corp, commented, "We are pleased to be working with The Eversull Group. By using their services, we will have a better corporate profile within the investment community and improve investors' understanding of our company." Jack Eversull, President and Founder of TEG, Inc., said, "The Eversull Group would like to welcome Algae Dynamics Corp and we are excited to have them as a new client. We are looking forward to getting their story out to the investment community and assist with their investor relations and shareholder services." This is better news than most small cap investors might think, as it's a testament to the company's commitment to communicating with its investors. And, the fact the company had recently launched a new growth initiative in the cannabis space, they're going to need to effectively communicate their new focus and business model. Sometimes, it's not so much the big things that can have such a positive impact on a small stock as much as the little things can. We were among the first to put ADYNF in front of the investing public, so the fact The Eversull Group is now stepping in to spread the ADYNF gospel should help not only the current liquidity in the stock, but its potential price levels as well. Have a great afternoon, we'll see you tomorrow.