Friday, September 23, 2016 9:08:01 AM
As per recent 8K below :
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11316920
Company PR -
On April 7, 2016 we entered into a strategic partnership with Crispin Porter + Bogusky (“CP+B”). As part of this partnership CP+B agreed to make an ”in-kind” investment in NXGH and will assist NXGH’s subsidiary Next CALA, Inc. (“NEXTCALA”) in the design, launch, and marketing of NXGH’s Next CALA products, and the design, launch, and marketing of NXGH’s subsidiary NxtGn video platform and telepresence products and services. The strategic partnership agreement provides that CP+B’s Product & Brand Invention Group will help us with the roll out of our general purpose reloadable bank card targeting the under-banked population, and that, after completion of the bank card roll out, CP+B’s Product & Brand Invention Group will help us launch our video-sharing platform to allow our customers broadcast live. Part of MDC PARTNERS, CP+B is a large advertising agency which is engaged in business in several locations throughout the world and is headquartered in Boulder, Colorado. CP+B won Advertising Age’s Agency of Decade award in 2009, has three times been voted the Interactive Agency of the Year at the Cannes Lions Festival, and has won Creativity’s Agency of the Year award five times. Under the strategic partnership agreement, CP+B, will, in exchange for a significant discount to their customary fees, receive 8,774,959 shares of the common stock of NXGH (4% of our issued and outstanding common shares) as the primary consideration for its work for NXGH; in the event that our market capitalization reaches $500,000,000, CP+B will receive a bonus equal to an additional 1% of our outstanding common shares; and, in the event that our market cap reaches 750,000,000, CP+B will receive a second bonus equal to an additional 1% of our outstanding common shares, all on a fully diluted basis.
*Read the second last page of above 8K. Company OS as of August 15th 2016 remains at 244 Million.
244 Millions X $3.1 PPS = 756,000,000
$NXGH
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