Friday, October 20, 2017 9:03:07 AM
Remember, The first $2M of any profits that LimeCom may generate are earmarked for for Heritage Ventures, the "sellers". If LimeCom fails to generate that much, the sale is rescinded and LimeCom goes back to its previous owners.
Oh, and NXGH also have too come up with $500K plus interest more during within 6 months, or else the market gets flooded with dilutive shares.
What's very bizarre is the sequence:
1) NXGH buys LimeCom
2) LimeCom lends NXGH $513,872
Uh, since they will be owing LimeCom, how does it work ? Do they repay $500K to themselves ???
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