I very well may be wrong. I would like to read how and what ADTM will contribute to "The Perfect Circle".
Plutus has specifically stated they aren't going public because they have no need to. Sorry you are wrong.
If the following PR is correct, they will be going public under ADTM (or another ticker symbol to be determined). I think the business plan is a good one, but what does ADTM bring to the table other than $ from John Strong? What they bring is a publically traded company to place itself. I believe PlutusX will have to be a Public Company whether it wants to be or not and if they are brought in as a subsidiary (or whatever) of ADTM, they will become a part of the ADTM umbrella, a public company.
Adaptive Medias Partners With Crypto-Asset Pioneer to Jointly Launch New Banking Platform
February 22, 2018 07:38 ET | Source: Adaptive Medias, Inc. LOS ANGELES, CA, Feb. 22, 2018 (GLOBE NEWSWIRE) -- Adaptive Medias, Inc. (Ticker: ADTM), to be soon renamed as “The Perfect Circle, Inc.” as part of its plan to reinvent itself as a financier for the cannabis industry, today announced that it has entered into an exclusive partnership with PlutusX, one of the pioneers of a unique crypto-asset and investing platform developed through blockchain technology, to jointly develop and launch an alternative payment solution through the use of crypto-assets.
Under the terms of the agreement, The Perfect Circle and PlutusX will form a separate subsidiary to be wholly-owned by The Perfect Circle that will focus on the development of a blockchain-enabled full-service banking platform that will include a number of new and innovative products that will include, but not be limited to, cryptocurrencies, insurance, credit cards, savings and loans and wealth management.
“Since cannabis remains illegal on the federal level, most financial institutions are prohibited from servicing cannabis enterprises,” said John B. Strong, Chairman and Chief Executive Officer of Adaptive Medias, Inc. “Although this has presented many companies with a hurdle they cannot seem to overcome, we felt the problem would be solved with just a bit more creativity and a level of ingenuity that will prove to be our single biggest competitive advantage as we reinvent ourselves. Rather than waiting for the federal government to change its stance on cannabis, we believe the solution to industries that face similar banking challenges is through the acceptance of an alternative form of payment that we look forward to developing as part of our agreement with PlutusX,” concluded Mr. Strong.
“PlutusX recognized the tremendous potential of crypto-assets early on and has been one of the early adopters of new and alternative payment methods, which are expanding at record speeds today for industries that demand such solutions in order to support their continued expansion,” said Angel Mondragon, Founder and Chief Executive Officer of PlutusX. “We have spent the past two years solidifying PlutusX’s blockchain-based crypto-asset platform and are excited to partner with Perfect Circle to jointly further develop and launch what could emerge as one of the primary solutions to banking issues challenging various growth industries. In doing so, together we could further accelerate what has already emerged as one of the fastest growing industries we have experienced since the dot com era,” concluded Mr. Mondragon.
To be added to Perfect Circle’s investor lists, please email James Chen at jchen@irpartnersinc.com.
ABOUT ADAPTIVE MEDIAS, INC. (TO BE RENAMED THE PERFECT CIRCLE)
Adaptive Medias, Inc. (Ticker: ADTM) will soon be renamed as The Perfect Circle, Inc. as part of the Company’s transition into a pure cannabis play. The Company's new cryptocurrency division will focus on developing and launching alternative payment methods, including developing a solution to address the banking issues facing the emerging cannabis industry. The Company is currently in the process of strengthening its management team in advance of a global debut of its new technology. For additional information, please dial 855-FUND-420.
If this last paragraph doesn't pertain to PlutusX, I need to re-think my position in this stock. AIMO
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
