Wednesday, June 29, 2016 8:36:32 PM
https://www.sec.gov/Archives/edgar/data/1311735/000101968715003222/fbec_8k-ex1001.htm
"The Consultant will specifically take action to work with each of the services mentioned herein and made on behalf of the Client. The Client agrees to pay a retainer of $225,000, and a $30,000 per month management fee, plus 10% of the Gross Value of any Asset Acquisition. The Consultant will assist the Company with specific compliance requirements for SEC reporting obligations, manufacturing and operations. The retainer may be paid in partial payments. The fee for this matter will be based upon a strategy whereas a customary due diligence fee has been determined for the work involved in coordinating the resources required in this matter."
Funny, SIML has commitments to pay out $41,000 monthly to executives? The "Navy" order maybe covered a smidgen of that...but wow? Going to have to sell a ton of shares fast just to keep the lights on and the doors open IMO.
KP
Please help save the earth. It's our only source of chocolate.
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