Yes, P_C. As an ITUP shareholder you will receive one vertical share of every vertical company for every ITUP share you own.
The first 4 vertical companies combined will pay out $0.15 in december (and targeting $0.25 quarterly thereafter). So you will effectively receive $0.15 per ITUP share, paid out by the vertical companies to you.
The reason why it's not a stock dividend is because these new vertical companies are not owned by ITUP. And yet, you are still entitled to 1 share for every ITUP share you own.
All vertical companies have 100M shares outstanding. 16.2 million of those shares will be distributed to 16.2 million ITUP shares currently outstanding.
And so, 16.2% of the vertical shares will be distributed to ITUP shareholders.
Another 10% to all Cow Capital shareholders. Also 1 for 1.
The rest goes to management, employees and strategic investors. And those who subscribed for it recently.
As for ITUP listing on a senior exchange, those plans haven't changed.
We'll probably have to execute at least 2 SPAC mergers before we are ready.
Right now, the important thing is the vertical companies and selling tokens.
We will ramp up very fast and add several more vertical companies before the end of this year. (Palm, coconut, RAS, sugarcane and perhaps food carts and carbon credits could all be added soon beyond the first 4 that we have already - aviation, whiskey, rice and gold)
So there is a good chance that the dividends will also go up next year.
I hope you still follow.
But you will basically get $0.15 cash dividend in december for every ITUP share you own.
