So it seems that $ILUS shareholders of record as of whatever cutoff date the company will announce, will get spin off shares of both $QIND (after uplist, so AFTER the RS if one is needed!) AND of
#ERT
when it spins off! Sounds like a great deal for $ILUS shareholders!
$ILUS will spin out several of its existing aligned companies into
#ERT
after $QIND uplist & complete further acquisitions by ERT, & pay a special equity dividend of ERT stock (100% owned by ILUS) to SHs of record — acq to be followed by offering & listing on national exchange 💪
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@igal_n
I have a stupid question. I am new at this and if I bought my Ilus shares from Fidelity, am I a shareholder of record?
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@jarboys
That’s why I have no confidence in the OTC, but complete confidence in the companies ( $ILUS & $QIND). That’s why they should IMO significantly benefit from uplist to the BBs, where fundamentals are valued rather than hype.
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@igal_n
Nice! Did they say how many? Like 1 share for every 1000 Ilus we own? They blocked me, I can’t see their updates
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@igal_n
Make no mistake, unfortunately there'll be a RS, not pleasant news, but it's like this.....
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@Patrick53784226
Most likely but it’s not written in stone — it’s only been approved by the board IF necessary, and in such a case, ONLY for the purpose of and in conjunction with the uplist of $QIND to NYSE. In such cases, a RS is NOT a red flag, as it is in most other cases where OTCs do it.
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@igal_n
Excellent point...post-RS (if needed) shares! Those could be some high-value shares! Go ILUS shareholders!
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