- 4:05 – Entire position in BIGtoken has now been registered with SEC.
- 8:13 – BIGtoken S1 went effective, all of our shares in FPVD are registered. 159B shares. We can start to monetize that asset over time.
- 10:00 – SRAX $10M stock buy back and one time special dividend of approx. $6.5m to shareholders on 9/20. Part of this will be paid for by monetization of bigtoken position. If able to monetize BIGtoken at a higher price, this will increase as well. Whatever we can get for our FPVD position, combined with stock we’re getting and market place sales, we’ll use that money to go into market and buy stock back.
Q&A
- 22:15 What is your plan to get under 50% of ownership for BIGtoken in not too distant future? There’s a transaction (something we’re working on) with BIGtoken that would make us unconsolidated with BIGtoken, and that looks definite it’s going to happen in next 4-6 weeks.
- We’ve looked at the idea of dividend of BIGtoken shares, but we’d have to do it in a similar way to this dividend we’re executing. Preferred share, sell it on own, then pay dividends out to shareholders.
Rest of Q&A was trimmed out on replay, and on live recording some IT issues prevented a clear response to the last question about how they plan on monetizing shares.
