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Didn't a poster on that exact thread from FB state a concern?
Good luck getting your divi shares. While we're here, why don't you scour sec.gov and see how many delinquent filers got a S-1 declared effective.
Nonsense.
Why don't you contact the compliance department of your brokerage house and get clarification? Whoever bought shares from the 15th and today will not show up as shareholder of record as of today. FACT.
As for the ex-date, it is subject to distribution date. Distribution is subject to getting the S-1 declared effective by the SEC. FACT. No S-1 = no distribution.
As for distributing unregistered securities to shareholders' account, keep dreaming. LOL.
Btw, how many stock dividend payments did you receive from Infrax in the past? ZERO, right?
Waiting on another nursery/poem like rant from Cox.
LOLOL. OK. Thanks. Good luck.
Again, that is YOUR interpretation of what YOU think was said by me, so be responsible for your own interpretation.
FINRA documentation in re of which issue? Be specific.
Your lack of knowledge does not equal company fraud
How does a company issue even restricted securities of a company that has not received FINRA approval for a name change?
Which part is false? Point it out.
Nothing confirmed, just regurgitation of old 8-K. Distribution date not set = ex date not set. Record date is meaningless.
These peeps at $FWDG make me laugh.
Enjoy holding the bag, folks.
Joining you shortly here on $LGBI.
What???? Are they going to issue stock certs with a restrictive legend or something? Do you know any brokerage house that will accept a stock certificate with a restrictive legend on it? How would one go about depositing the cert in his/her account?
#ridiculous
Maybe this time, he will be talking about bunnies instead of rats or something bizarre and ignorant like last time.
The type of stock divi they're trying to pull off are rare and only done by issuers with registered stock on shelf. So, knowing that the distribution date sets the ex-date, why even mention this stupid record date of tomorrow, 4/17? It's a good way to sell lots of papers, yes.
This is where it is important to pay close attention. FWDG is planning to do a stock divi, not a cash divi. It is rare to handle stock dividends in the way that FWDG is attempting to the extent that to me, it looks like trickery to get people to buy up papers til tomorrow while the usual suspects on L2 blow out of shares.
When setting up stock dividends as planned by FWDG, it is better to completely ignore the record date because the ex-date is dependent on distribution/disbursement date, and in this case the company's ability to distribute shares to FWDG shareholders is dependent on the Commission declaring the S-1 of Futureland and HempTech effective.
The proper step to make this more "believable" is to first get the S-1s declared effective. Even before Futureland can file a S-1, they need to effect a name change with the state of Florida, then with FINRA and make sure they are up to date on all required filings with the Commission. There is no existing, registered securities for Futureland and this is the point which many are ignoring.
Here is the trick, AdultProdigy: FWDG is trying to pass themselves off as some sort of big board stock divi payer. Neither Futureland or HempTech has registered shares on shelf (in Treasury) to handle stock dividend in the manner they "anticipate" on distributing. Distribution of stock dividend in these two cases is contingent on the Commission's approval of the S-1. If not approved (declared effective), there will be no shares to distribute.
Secondly, in order to qualify as shareholder of record, the company already declared that the record date is tomorrow, April 17th. In order to be a shareholder of record, it requires that one purchased shares on or before 4/14.
The game is set the record date, keep the ex-date open for post distribution, if there will ever be a distribution, you see? They can work it up this way and blame it on the Commission for not declaring the S-1 effective. So in reality, you are required to hold shares until the Commission approves the S-1 and that could be NEVER, and if somehow the S-1s do get approved, you're holding shares until they decide to distribute.
Get it?
If FWDG were to pull their OBO/NOBO list on 4/17, do you think those who bought shares today would appear on that list? Yes or no? One must not ignore the settlement date for trades.
LOL, ptcgolf. FWDG FB page could not answer questions and decided to block me from posting on their page.
They are still insisting that if people purchased shares today or even tomorrow, they'd become shareholder of record as of tomorrow. I asked how this works given there is a T+3 rule.
Pathetic.
This stock dividend issue is a lot more complicated than one perceives. Both HempTech and Futureland would have to register the shares that will be divi'd out to FWDG shareholders.
This means a S-1 has to be filed with the SEC, and since this is a stock divi and distribution, the S-1 may have to be declared EFFECTIVE by the SEC because neither Futureland or HempTech has an S-1 registration under its name. If the S-1 is not declared effective, it means dividends cannot be distributed. Shares have to be registered in order to distribute and to make them free trading, otherwise the company is distributing unregistered securities without a proper SEC exemption that could justify the action.
I suspect that the record date might change over and over again.
I asked FWDG a question on FB about divi so that you all can hear straight from them. Really strange how touchy folks get when facts are pointed out.
I'm going to trade $FWDG going forward. Sure feels great being an ex-shareholder.
Oh yes I will. Otherwise, I will file another complaint. The 8-K is meaningless, the company does not get to make up its own rules about corporate actions. They can set the record date which they have. Rules are clear so do not argue.
I am completely out as of this morning. BUT will still get my divi :D
Dividend rules are the same across the board. The only variant is the 25% rule. So, for this record date, 4/14 was the cut off date.
Very good. That is almost exactly what I said. The "exchange" is under the jurisdiction of FINRA. Hence the ex-date is set by FINRA.
Why don't you check with FINRA?
1971, The company does not get to make up rules for dividend. Dividend payment is a corporate action. FWDG declared through an 8-K that the record date is set for 4/17. The ex-date is determined by FINRA and it usually is 2 days before the record date, so again 4/15 in this case. If the ex-date is 4/15, people need to have purchased shares before this date.
The rules are clear so let's not confuse or mislead peeps.
I am seeing a lot of misinformation about dividend so I want to chime in and comment. If the record date is tomorrow, 4/17, the ex-date is two days before or 4/15. What this means is that one needed to purchase shares BEFORE 4/15 to be eligible for dividend payment. What this also means is that if you held through 4/14 AND sold shares on 4/14, you are still eligible to receive dividend payment because you technically own the shares until the trade clears (T+3). If you buy on 4/17, there is no dividend for you because you would not be on the record as shareholder of record.
FWDG will probably set several different record dates so if you missed this one, there will be others.
$FWDG shareholders/players read --- >
I have been in conversation with Bill Short et al (former CEO and crew of CBS) over the past few weeks. As most know, I've been very fond of this business unit due to the marketability of these personal test kits. I like the concept of the product (it's a simple kit like a home pregnancy test) to the extent that I've considered buying out the patent from Steinberg and/or possibly bring the entire team into a group that'd be partially funded by me.
This CBS units has the potential to turn 20,000 kits per months or more, and based on my estimation, the unit break even is around 11,000 units. The group did not achieve anything near the key metrics but I still believe it has tremendous potential.
The sole reason why I did not move forward with Short and Steinberg is that the title to the patent application is under suit and from what I can see, Futureworld $FWDG has a rightful claim to even a provisional patent whether as an assignee or a debtholder which tells me that the pending lawsuit in FL would most likely go in FWDG's favor.
There is also a big order from Utest for 18,000 units that is pending if not secured by CBS. Despite the calamities, I believe the rightful owner of the order is FWDG/CBScientific. Afterall, the shareholders of FWDGs paid (via dilution and conversion of CD) to develop these products.
Stay tuned.
It's our time, guys! Pay-tience, run to 4c+ in progress.
I will be back later after meetings.
BELIEVE AND PUSH. $FWDG
C'MON $FWDG LONGS! LET'S PUSH BMAK ALL THE UP! IT WILL FINISH TODAY!
Suggestions for Talari and Cox:
Change Futureland to Lalaland because the name befits it.
sup, CJ. What's with the excitement on $MDCN?
If the additional ~29 million shares were to be issued to $FWDG upon "depositing" Futureland's assets, then we'd know where FWDG shareholders would participate. The shares have to be registered with the SEC, though which means the issuing company has to be current in all of its filings and for this particular transaction, the S-1 might have to be declared effective by the SEC. I haven't looked at the filings yet to see what they've done in the past. Will take a look some time this weekend.
OK, I see what you're saying. It is possible that Talari bought the shell, gave former Holders 4.9% of the Company, pre/post split to effect change of control as a first step. The assets of Futureland have not yet been deposited into the new shell and will be done post R/S. It is possible to issue the remaining ~29 million shares when the assets are deposited.
Even if we looked at this this way, valuation for Futureland pre-split is no more than $2 million so they should stop blowing up smoke.
This is a reverse merger and a non-taxable recapitalization which is what a R/S is. Again, there is no evidence that FWDG will own 94% of future O/S at 30MM shares. If FWDG did not own 94% post split and after issuing the remaining shares to total 30 million shares, where do FWDG shareholders participate? And if somehow the ~ 29 million newly issued shares were for FWDG shareholder, on what basis would Aegea issue them to FWDG?
The deal makes no sense, and that is my point.
Why do the valuation post R/M and R/S? You do valuations before a definitive agreement is reached. This is as backassed as they come.
All really ought to try to make sense of the Futureland/Aegis agreement because the wording could not get any more ambiguous.
According to part 2 of the exchange agreement, FWDG is supposed to get 94% of O/S post reverse split which comes out to 258,500 shares on a 400:1 split ratio.
it is stated that post R/S,
3. there shall be an issuance of common shares, and together with the remaining outstanding shares to a total of 30,000,000 common shares issued and outstanding at the post reverse division price of $4 to $5 per share.
Here is the problem I see with $FWDG at this point. They're flapping their mouth on FB and talking a lot of crap while there is no visible effort on the part of Infrax to register securities that are owed to FWDG. For this ridiculously overblown and laughable $120 million transaction with Aegis, the R/S is subject to FINRA approval because it is technically a reverse merger involving share exchange and change of control.
Dividend payment is another corporate action requiring FINRA approval and T/A certification.
What I see here is a continuation of "we're doing something" without verifiable action supporting what has been done or will be done.
Not YOU per se but to all watching. That was an awesome come back from 0012 today. I thank all my friends for helping. EEDG. See you next week at 1c+
I tested 0018 to see what's behind it. So I hit it exactly for 120K shares.
Take your offers down, we're closing her 0,003+ today.
Come and play. Easy money!
EEDG
Very good, brother. Welcome. Enjoy the show! EEDG. Here we go!