On February 1st, 2017, the company is going to put 1 share for every 500 shares of UNGS into the company's subsidiary, The Greater Cannabis Company, Inc. (also known as “GCC”) if you own shares of UNGS on January 31st, 2017.
The new GCC share (or divvy) will be valued at .25 cents, the price Spuff was using as a base line when he said that it would go to .45 cents.
So to give you an example with numbers, let say you have 1,000,000 shares in UNGS, you will now have 2,000 shares in the new GCC ticker (1,000,000 shares / 500 = 2,000 shares), in addition to the 1,000,000 shares in UNGS. The 2,000 shares in the new GCC ticker will be valued at $500 (.25 cents a share x 2,000 shares = $500). This means you will be sitting at:
5 times your initial investment of $100 if you bought UNGS at $.0001 a share. 2.5 times your initial investment of $200 if you bought UNGS at $.0002 a share. 1.67 times your initial investment of $300 if you buy UNGS at $.0003 a share. 1.25 times your initial investment of $400 if you buy UNGS at $.0004 a share.
The following is the Q&A on the Sylios website if you need further clarification:
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