wonder what the formula will be for the spin off of fan pass shares to friendable holders will be?imo
"Disposition of Fan Pass, Inc.:[seems to be part of the sharps tech deal wonder if still applies here]
On June 27, 2018, Acquiror, Acquiree as noted above and Fan Pass, Inc. entered into a Spin Off Agreement pursuant to which the Acquiror shall distribute 100% of the issued and outstanding stock of Fan Pass, Inc. to the Acquiror’s shareholders existing immediately prior to the Closing. The Spin Off Agreement also requires that Fan Pass, Inc. file a registration statement on Form S-1 for the registration of all of its shares distributed to Acquiror’s shareholders ."
"In 2018, the Company intends to release a beta version of its Fan Pass mobile application for user testing as well as complete a version of Fan Pass ready for commercial release. Additionally, Fan Pass is its own Corporation that is currently wholly owned by Friendable, Inc., and on a path to be spun off as a separate entity. The spin-off of Fan Pass, Inc. is intended to result in a share issuance to all Friendable shareholders as the Company files an S1 registration statement to become a stand-alone public company ."
*All perks occur after the offering is completed.
BONUS ITEMS ALL INVESTORS
10% Revenue Share from the Fan Pass Subscriber revenue, paid monthly, for a period of 5 years!
The Company has defined a revenue sharing pool, equal to 10% of the net revenues the company receives from all Fan Pass subscriptions or subscribers. You, as an investor shall receive a pro-rata share of this pool, every month, for a 5 year term. The % of the pool each investor receives is to be equally split amongst the 4,000,000 shares being allocated or offered (as defined below), which means, the more shares you have, the larger percentage of the pool you shall receive!
News 
Market Data 
Discover 
