Thursday, July 02, 2015 9:19:19 AM
I send yesterday in order to know whether CBDS shareholder receive KUSH's stocks due to this spinoff.
I hope this could be helpful to CBDS stockholders.
Additionally, I think I am an only one korean having the stocks and it is sizable. Thus, I am sleepless because of constant stock price decline.
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Dear Mr. Lee,
I am anticipating seeing another press release soon, better explaining what will be in official announcement released by Company in formal 8K.
Regards,
Jerry Cornwell
----- Original Message -----
From: ???
To: jerry c
Sent: Thursday, July 02, 2015 12:36 AM
Subject: KUSH Stocks will be provided?
Dear Mr. Jerry.
This is Harrison Lee from S. Korea, who is sleepless because of constant decreased CBDS stock price.
I read the opinion below;
"After having a quick look at the press release it does seem that it is good because CBDS is getting the important assets of KUSH and giving back a license to KUSH. And if I'm not mistaken CBDS owns 134,186,849 shares according to July 2014 8k:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10086916
Meaning if CBDS has around 16m out that each CBDS shareholder should get around 3 KUSH shares as a dividend. So shareholders are getting rid of $3m debt the company has, getting 3 KUSH shares for each 1 CBDS share and keeping the assets they currently have through KUSH.
So in the end CBDS shareholders have their original CBDS shares plus 3 KUSH shares if I understand all of this correctly and I'm not mistaken. "
Will the CBDS shareholders be provided some KUSH stocks someday?
If so, when will it be?
I look forward to hearing any answer about it.
Wishing your company's prosperity....
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