"On July 17, 2014 the Company entered into a Proposed Acquisition Agreement (the “Agreement”) with a private Canadian company (the “Purchaser”) to enable the Purchaser to commence due diligence on the potential purchase of 100% of the Vid3G technology for a purchase price of approximately CAD $2,200,000. In conjunction with the Agreement, the Purchaser advanced the Company an interest-free loan in the amount of $183,435 (CAD$200,000), secured against the Company’s technology assets."
$2,000,000 / 172M o/s = .0116 per share !!!
THEY WANT THE PATENTS BAD ENOUGH TO GIVE THEM MONEY ON THEM BEFORE THEY BUY... INTEREST FREE! THIS ALSO MEANS NO BAD FINANCING! WHICH MEANS VERY LITTLE TO NO DILUTION!
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