marijuana stocks

Form 8-K for FUTUREWORLD CORP.


17-Apr-2015

Other Events

Item 8.01. Other Events.The Company announces today that its Board of Directors has approved the “record date” and “dividend rate” of the stock of Infrax Systems (HempTech Corp) to its shareholders. The record date for determining the holders of FutureWorld’s (FWDG) common stock who will receive the dividend shares of Infrax Systems is set on April 24th, 2015. The dividend rate will be one (1) share of Infrax Systems for every two (2) shares of FutureWorld Corp. The actual “distribution date” of the dividend will be announced when Infrax Systems gets clearance from SEC and FINRA on the spinoff.

The announced dividend is an initial tranche. We may issue more dividends in the near future on Infrax Systems (HempTech Corp) which may include stocks or cash or any combination thereof.

Since the actual dividend spinoff shares needs to be registered with SEC to become free trading, and since the process may take some time, we have decided to issue the (restricted) dividend shares and have them deposited into the shareholders account until such time the Company gets clearance from SEC and FINRA. And at such time, the (restricted) shares in the shareholders account will become free trading hence tradable. Company is in the initial stages of the preparation of the S1 to be filed with SEC.

Although we use the “record date” to determine the shareholder’s rights for dividend, if shareholders sell their shares prior to the actual “distribution date”, they will not be eligible for the dividend. Shareholders must hold their FutureWorld shares till the “distribution date” to qualify for the dividend of Infrax Systems (HempTech Corp).

Please find below the associated terms in relations to the Spinoff;

� Record Date – The date established by an issuer of a security for the purpose of determining the holders who are entitled to receive a dividend or distribution (if you sell your shares after the Record Date and before the Ex-dividend Date (a day after the distribution date), you will lose your eligibility to receive your dividend)

� Dividend Rate – The total expected dividend payments

� Distribution (payable) Date – The date the dividend is paid out

The following is the pertinent information on this dividend;

Declaration Date – 4/17/2015

Record Date – 4/24/2015

Distribution (payable) Date – When approved by FINRA

Ex-dividend Date – The ex-dividend date is set the first business day after Distribution date (and is also after the record date).

The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).

If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or “due bill” from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares

without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.

More information on dividends from the SEC please see below link;

https://www.sec.gov/answers/dividen.htm


MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
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