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Thursday, July 30, 2015 10:54:26 AM
The potential revenue from such an agreement with KINA is substantial due to KINA having already an established brand and client base within PNG. IIGEX will book 100% of all revenue and retain 30% of all commissions and trading revenue executed on KINA's clients.
http://www.marketwired.com/press-release/international-global-exchange-igex-announces-services-agreement-with-kina-securities-pinksheets-igex-1921314.htm
TEN YEARS SERVICES AGREEMENT WITH KINA SECURITIES LTD.
International Global Exchange (IGEX) Announces Services Agreement With KINA Securities LTD
WATCH THIS VIDEO:
HERE IS THE DETAILS TERM OF THE AGREEMENT.
8K FILED WITH SEC AND ALSO STATED ON THEIR 10-Q.
IGEX and Kina will receive commissions for each trade conducted by a client, which total commission amounts shall be determined by Kina. For trades under AUD 8,500, the exchange and settlement fee amount is AUD 18.00. For trades over AUD 8,501, the exchange and settlement fee amount is AUD 12.00 plus 0.07% of the trade value. IGEX will receive 30% of the overall commission fees while Kina will receive 70% of the overall commission fees.
http://www.sec.gov/Archives/edgar/data/1442853/000159406214000196/form8k.htm
FORM 10-Q
READ THE NOTE 6 - SUBSEQUENT EVENTS
http://markets.on.nytimes.com/research/stocks/fundamentals/drawFiling.asp?docKey=137-000159406214000327-542QTHH5T3M79QHJF4DIBOMO9A&docFormat=HTM&formType=10-Q
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