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Wednesday, October 28, 2020 9:15:25 AM
"Presently there is a LOI (Letter Of Intent) to form a JV (Joint Venture) within INQD between Electrum Partners and FinCann." This gives both Electrum Partners and FinCann investors an exit strategy in a public market through INQD. So in simpler terms, currently investors in Electrum Partners and FinCann have to jump through hoops to get ROI in the private sector, but once there is a public market to exchange their investment into publicly traded shares they now have the freedom to buy wand sell as they please. The way this Joint Venture will seemingly work is Electrum Partners and FinCann will share ownership of INQD and all Companies Acquired in the Joint Venture and INQD and it's shareholders will share ownership in all the Acquired Companies but not in Electrum Partners or FinCann. Meaning us shareholders in INQD will not see FinCann or Electrum Partners Financials, but we will see the financials of all companies acquired in the Joint Venture.
Recent INQD News
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 09/04/2024 06:49:54 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/15/2024 09:22:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/01/2023 07:35:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/10/2023 01:00:16 PM
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