HOLLYWOOD, Fla., Oct. 5, 2016 /PRNewswire/ -- Sunshine Capital, Inc. (Pink Sheets: SCNP) today announces clarification of its unique opportunity to shareholders. On September 23, the Company announced that it would distribute to the October 10, 2016 shareholders of record one DIBCOIN for each share that a shareholder owned.
In an effort to clarify its prior statement, the Company will provide the opportunity to shareholders of record on October 10, 2016 to receive an electronic wallet containing an equivalent number of DIBCOINs to the number of shares the shareholder owns.
This distribution to shareholders is more accurately characterized as an "opportunity" than a dividend as the term "dividend" may, in some investors imply, a guarantee of value (e.g., cash/stock) made at a specific point in time. In this instance, the opportunity will be available to shareholders of record on October 10, 2016 over a ninety-day period commencing when company's website functionality to satisfy shareholders is first implemented.
Further, the Company cannot guarantee a specific value of the DIBCOIN. "We are going to prove to our shareholders that DIBCOIN is real and can actually be electronically transferred," stated Adam Petty, President and CEO of Sunshine Capital. "This opportunity will allow our shareholders to be exclusive owners of DIBCOIN prior to the coins' listing on an exchange, since the company is not doing any type of presale of DIBCOIN."
When the website achieves prerequisite functionality, shareholders will be invited to provide a statement from their broker that indicates their name, address and the number of shares owned on October 10, 2016. Shareholders will then be invited to assist the company in live testing of the DIBCOIN cryptocurrency. At their request, they will be provided this opportunity, but not required to participate.
Although the Company is working to implement the appropriate functionality and back-end office procedures, it cannot provide a specific date of when this opportunity will be available. However, irrespective of any change in exchange price for DIBCOIN, the Company has reserved sufficient coins for full participation, should every shareholder elect to take advantage of the company's offer.
"I promise our shareholders that I am doing everything possible to get DIBCOIN listed on a reputable and liquid exchange," stated Honson Luma, Vice President of Sunshine Capital, Inc. "I believe DIBCOIN is going to change the way people look at the Cryptocurrency Market just like BITCOIN has done, because we are going to prove that DIBCOIN will be the first cryptocurrency not only accepted online but in the real world when DIBCOIN is used for the purchase of real tangible assets."
The Company thanks its shareholders for its loyalty and appreciates their assistance in live-testing of the DIBCOIN by taking advantage of this opportunity.
Adam T. Petty,
Sunshine Capital, Inc.
7777 Davie Road Extension
Hollywood, FL 33024
The private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond control of the company, actual results may differ materially from the expectations expressed in the forward-looking statements.
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SOURCE Sunshine Capital, Inc.