Familiar & Share Spells

[Amaurot]

The Wizard's Share Spells states that

The wizard may cast a spell with a target of “You” on his familiar (as a touch spell) instead of on himself.
A wizard may cast spells on his familiar even if the spells do not normally affect creatures of the familiar's type (magical beast).

Are these two statements separated? Or is the former one a condition for the later?
In other words, does that means I can cast spells only target to "You", but unlimited to creature type;
or, I can cast any spells even if the affect creature type is not of the familiar's, plus any spells that have a target of "You"?

Say, can I cast Giant Vermin on my Greensting Scorpion familiar?

GIANT VERMIN
Range close (25 ft. + 5 ft./2 levels)
Targets 1 or more vermin, no two of which can be more than 30 ft. apart
Duration 1 min./level

[Nefreet]

They are separate clauses, separated by a period.

This is actually indirectly covered in an FAQ, regarding the Summoner using Enlarge Person on their Eidolon, despite the Eidolon being an Outsider (which would normally not be a valid target for "person" spells).