According to ADTM's press release in February, PlutusX is to be wholly owned by ADTM. The press worded it that ADTM was changing its name to The Perfect Circle and PlutusX would be wholly owned by Perfect Circle.
"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."
The wording starts off as a partnership and then transitions to wholly owned? Needs clarification imo
