Monday, October 16, 2017 6:50:02 PM
CWIR acquired 1/2 Inqubus, Inc and SDVI acquired the other 1/2 (now Innovo Tech) in the IOT space.
Inqubus is a incubator (duh ;) ). It basically helps fund companies and either rolls them into bigger companies or will do reverse mergers, etc.
4 companies out of Inqubus were rolled into $SDVI, The old share holders were bought out with preferred shares.
Harry Orfanos likes to do the same type of thing, but at a bigger levels, so I worked a deal with him to take over CWIR.
This means I will be able to fund research and development for SDVI.
But in general the companies don't have a business relationship directly with each other, except through the Inqubus, Inc. subsidiary.
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