LONDON, Oct. 6, 2020
LONDON, Oct. 6, 2020 /PRNewswire/ -- ConFlow Power is pleased to confirm the ten for one license split on the ILOCX as of today's date.
ConFlow launched its Initial License Offer last year on the ILOCX at $20.00 per license. They proceeded to land one territorial license sale after another and the group paid a first royalty of $6.00 per license to all license holders in January this year. This resulted in a price climb to $60.00 per license. Since then, significant news and major achievements have seen the price rise to the mid 70-dollar range and finally, on the news of its license sale in the USA, ConFlow launched a Secondary License Offer at $95.00.
Today the board of directors have requested to split the $95.00 ILO units into ten units per one unit issued. This means all license holders at today's date will see 10 times more licenses in their accounts at the price of $9.50.
This decision is made based on activity in the secondary trading of the units. With limited units in issue it restricted the flow demanded by the market on the ILOCX trading platform.
There will now be 3,300,000 units in issue after all secondary units are sold.
This does not affect any royalty already paid or due in the next royalty cycle, expected January 2021. ConFlow Power Group is paying 10% of its gross revenue to the license holders as per the offer here on the ILOCX https://ilocx.com/exilo/conflow-power/
About ConFlow Power
ConFlow Power Group is a Power Tech aggregator focusing initially on the street lighting sector, including security and the drone market place. ConFlow has achieved many significant advancements in the past 18 months, making its street pole into a smart real estate model where every inch of the pole is making money from a variety of partners. ConFlow's Street Pole houses intelligent lighting, on and off grid options, high resolution cameras and audio, number plate recognition, WIFI, weather sensors, battery management systems and a payment gateway. In its latest development it has prototyped a drone guidance and landing system to allow drones to safely land, park, run diagnostics, re-charge its battery and download data. ConFlow is also innovating in the hardware required to retrofit poles on mass by developing its very own IP in the Retrofitter. To understand more visit www.ConFlowPower.com For American opportunities visit www.ConFlowAmerica.com For South East Asia visit www.ConFlowAsia.com and for Canadian opportunities visit www.ConFlowCanada.com
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