Business
Correction: Recent Promotional Activities Surrounding FutureLand Corp (FUTL)
Correction: Recent Promotional Activities Surrounding FutureLand Corp (FUTL).
About this update from Futureland Corp
[{"type":"text","content":"Correction: Recent\nPromotional Activities Surrounding FutureLand Corp (FUTL)\n\n \n\n \n\nFutureLand Corp. (OTCQB: FUTL),\na leading provider of strategic real estate investment and grow facilities and\nsolutions to the global cannabis industry, provides an update on recent promotional\nactivities on the company.\n\n \n\nWhile we believe\nwhole-heartedly that the Company is positioned to be a fantastic investment to\nits shareholder and potential investors, both because the climate is right and the\nfundamentals are in place, we must firmly enunciate the fact that we have not\nbeen promoting the company or touting the stock in any way. The Company did not become aware of any\npromotional activities on behalf of the Company until October 18, 2016 when we\nnoticed the stock volume advancing substantially throughout the day. The company attempted to find out whether\nthere was some kind of promotion going on or whether it was some kind of\nnatural progression organically which had taken place, which, given the\npolitical atmosphere and future pending American drug policy changes, was not\nout of the question. To that end, the\nCompany has no knowledge about said promotions. \nPrior to the “promotion” of the Company, the stock had been trading for\nseveral weeks with increased volume from about 2M to 6M shares per day at a\nprice around .015. Nearer to the “promotion”\nthe stock price had gained ground closing on Friday the 14th and\nMonday the 17th closer to .025. \nOn Tuesday the 18th the stock took off opening at .04 and\nclosed above. .05 with 24M shares sold. \nWe do believe that this surge of activity is due to some outside\npromotion and we are not aware of who is behind it or why.\n\n \n\nThe Company confirms that no\nofficer or director or any controlling shareholder has been directly or\nindirectly involved in any way with the creation or distribution of promotional\nmaterials related to its securities. \nCEO, Cameron Cox and Director Sam Talari have sold shares in the last 30\ndays for compensation using S8 shares.\n\n \n\nFurthermore, the Company has\nissued shares from convertible debt instruments at discounts to the market\nwhich have played a substantial roll in increasing the float and to general\nliquidity of the stock. Note holders\nt...