Posted On: 11/12/2014 5:45:46 PM
Post# of 2102
About Canwealth shares ownership...
mantis Wednesday, 11/12/14 05:26:58 PM
Re: None
Post # of 51140
About Canwealth shares ownership...
I always wanted to correct people who keep posting that ICBT owns 60% of Canwealth. This is not accurate.
Here is the History -
In 2012 after the merger the ownership looked like this -
ICBT 30,918,462 - 60.9 %
Kelly Taylor 8,833,846 - 17.4 %
Perry Radin 4,416,923 - 8.7 %
USG1 6,600,000 - 13.0 %
Total 50,769,231
Since 9/25/2013 after Mr. Taylor's shares were divided between ICBT and Mr Radin it looks like this - ( see SEC filing from 9/25/2013 )
ICBT 38,648,077 - 76.125 %
Perry Radin 5,521,154 - 10.875 %
USG1 6,600,000 - 13.000 %
Total 50,769,231
When IPO hits and 15 million new shares are sold to the IPO investors the percentages will look like this :
ICBT 38,648,077 - 58.763 %
Perry Radin 5,521,154 - 8.395 %
USG1 6,600,000 - 10.035 %
IPO 15,000,000 - 22.807 %
Total 65,769,231
So, here it is.
mantis Wednesday, 11/12/14 05:26:58 PM
Re: None
Post # of 51140
About Canwealth shares ownership...
I always wanted to correct people who keep posting that ICBT owns 60% of Canwealth. This is not accurate.
Here is the History -
In 2012 after the merger the ownership looked like this -
ICBT 30,918,462 - 60.9 %
Kelly Taylor 8,833,846 - 17.4 %
Perry Radin 4,416,923 - 8.7 %
USG1 6,600,000 - 13.0 %
Total 50,769,231
Since 9/25/2013 after Mr. Taylor's shares were divided between ICBT and Mr Radin it looks like this - ( see SEC filing from 9/25/2013 )
ICBT 38,648,077 - 76.125 %
Perry Radin 5,521,154 - 10.875 %
USG1 6,600,000 - 13.000 %
Total 50,769,231
When IPO hits and 15 million new shares are sold to the IPO investors the percentages will look like this :
ICBT 38,648,077 - 58.763 %
Perry Radin 5,521,154 - 8.395 %
USG1 6,600,000 - 10.035 %
IPO 15,000,000 - 22.807 %
Total 65,769,231
So, here it is.
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