marijuana stocks

Form 8-K for FUTUREWORLD CORP.


13-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 FutureLand Corp to its shareholders. The record date for determining the holders of FutureWorld’s (FWDG) common stock who will receive the dividend shares of FutureLand Corp is set on April 17th, 2015. The dividend rate will be one (1) share of FutureLand Corp for every three hundred (300) shares of FutureWorld Corp. The actual “distribution date” of the dividend will be announced when FutureLand gets clearance from FINRA to start trading under a new ticker symbol.

Since the actual dividend spin-off 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 FutureLand Corp.

Please find below the associated terms in relations to the Spin-Off;

� 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 distribution Date, you will lose your eligibility to receive your dividend)

� Dividend Rate – The total expected dividend payments from an investment
(Spin-Off)

� Distribution Date – The date the dividend is paid out (after the completion of the Spin-off)

 


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