Support: 888-992-3836
Copyright © 2023 InvestorsHub Inc.
Replies to post #202822 on Green Cures and Botanical Distribution Inc (GRCU)
Kennylee
12/09/14 10:34 PM
#202834 RE: philipt631 #202822
Cashhub
12/09/14 10:51 PM
#202837 RE: philipt631 #202822
At no time ever the company and its officers contemplated to defraud and deceive its shareholders or Green Cures Inc. In fact the evidence is proving that the company and its officers are trying to increase the shareholders' value by updating the company filings bringing it back to current status and completing the execution of the takeover as soon as possible.
On July 25, 2014, the Company agreed to issue/sell 1,000,000 shares of Common Stock to 1 entity designated by its legal counsel, Weed & Co L.C., to insure the availability of legal counsel and to increase legal counsel’s proprietary interest in the success of the Company. The Company recorded a compensation expense of $1,000 based upon the $.001 par value of the Company’s Common Stock ($10,400 based upon the closing stock price of the Company’s Common Stock on July 25, 2014 of $0.0104 per share). There was no underwriter, no underwriting discounts or commissions, no general solicitation, no advertisement, and resale restrictions were imposed by placing a Rule 144 legend on the certificates. The person who received securities has such knowledge in business and financial matters that it is capable of evaluating the merits and risks of the transaction. This transaction was exempt from registration under the Securities Act of 1933, based upon Section 4(2) for transactions by the issuer not involving any public offering. Subsequent to September 30, 2014, the Company terminated its engagement of the law firm Weed & Co L.C., and requested the return of the shares of restricted stock.
Subscribe to Ad free and enjoy an ad-free experience
Try Now
Keep the Ads