(1) The title of the Plan is the "FutureLand Corp. Executive, Consulting and Employees and Compensation Plan". This plan applies solely to common stock of FutureLand Corp. which is being issued to Executives, Employees and Consultants, including members of the Board of Directors, in payment for services to be rendered to the Company.
(c) Individuals Who May Participate in the Plan
The following class of individuals may participate in the plan:
1.) Executive Officers 2.) Employees 3.) Contracted Parties for Services 4.) Consultants, including board members
(e) Resale Restrictions
There are no restrictions on resale of the common stock purchased under the plan.
FWDG - shareholders will receive one (1) non-transferable share of FutureLand Corp (FUTL) for every 250 shares of FWDG held with a record date of 06/12/2015. FWDG will not be quoted ex-dividend
Jun 10, 2015 OTC Disclosure & News Service
New York, NY -
FWDG - FutureWorld Corp. - announced shareholders of FWDG will receive 1 non-transferable share of FutureLand Corp (FUTL) for every 250 shares of FutureWorld Corp (FWDG) held as of record date 06/12/2015. The pay date for this dividend is 06/15/2015
Additional Comments: Will not be quoted Ex
The details
FutureWorld Informed that dividend shares are restricted and will be deposited into the respective shareholders account until company gets approval from SEC. When approved, the shares will become free trading that is shareholders can trade into those shares. The Company said that it is in the later phases of the groundwork of the S1 to be submitted with SEC. FutureWorld stated that the declared payout is an initial tranche and company can issue another dividend in the coming period on FutureLand Corp.
So why wouldn't they file an audited financial to get us all unrestricted? I mean, they said the S1 has been completed...in a document filed WITH the SEC? So what could be the hold up, FUTL? Please advise!