All shareholders of record on March 31st, 2016 are entitled their pro rata share of SJR shares. These shares are being held in trust by INCC for distribution to INCC shareholders of record once SJR’s planned registration becomes effective with the SEC.
INCC O.S. is near 2B shares & SJR is giving INCC 2B shares for Patents they purchased
INCC sold 2 truck-side advertising patents to SJR for 2 Billion shares of restricted common stock.
So it looks like Divy coming should be approx 1 share in INCC = 1 share in SJR imo Updates coming twice a month going forward, Looking forward to more Updates & Clarity on future of Company
What is the 'SEC Form S-1? The SEC form S-1 is the initial registration form for new securities required by the Securities and Exchange Commission (SEC) for public companies. http://www.investopedia.com/terms/s/sec-form-s-1.asp