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Sooah

04/16/15 12:12 PM

#26361 RE: KrakenTaken #26348

This stock dividend issue is a lot more complicated than one perceives. Both HempTech and Futureland would have to register the shares that will be divi'd out to FWDG shareholders.

This means a S-1 has to be filed with the SEC, and since this is a stock divi and distribution, the S-1 may have to be declared EFFECTIVE by the SEC because neither Futureland or HempTech has an S-1 registration under its name. If the S-1 is not declared effective, it means dividends cannot be distributed. Shares have to be registered in order to distribute and to make them free trading, otherwise the company is distributing unregistered securities without a proper SEC exemption that could justify the action.

I suspect that the record date might change over and over again.