Wialan Technologies Inc (WLAN)

[Mariner*]

ARTICLE XI SHARE DISTRIBUTION POST CLOSING
11.2
10% of the total company shares of the "Spin Out" will be retained by the publicly held company representing the post merger entity.

11.3
The "Spin Out" transaction will occur at a mutually agreed upon time within the initial twelve months post the date of the Wialan merger into American Community Development Group, Inc.

11.7
(a) There are approximately 633,333,333 shares of ACYD outstanding

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=110569

So, 10 percent goes to the company and 90 percent goes to shareholders of record at a mutually agreed upon date sometime this year.
OK, that sounds cool, free shares of a spin out company that will reduce the current shares that WLAN is currently carrying right?
Or, am I reading this wrong.
At any rate, I get some free stuff just for being a shareholder.
I can hang with that-