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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On May 11, 2017, On the Move Systems Corp. (the “Registrant” or “Company”) announced that, effective
May 10, 2017, it entered into a Binding Letter of Intent (“Binding LOI”) with Robotic Assistance Devices LLC,
a limited liability corporation duly formed under the laws of the State of Wyoming, (“RAD”) (collectively the
“Parties”), setting forth the principal terms pursuant to which the Company will acquire all of the ownership and
equity interest in RAD (“RAD Equity”), which RAD Equity is held by RAD’s sole director, shareholder and
CEO, Steve Reinharz (“SR”) (the “Transaction”).
The Binding LOI sets forth the terms of the Transaction as follows:
(i) In consideration for the whole of the RAD Equity, OMVS shall issue to SR:
(a) 3,350,000 shares of Series E Preferred Stock; and
(b) 2,450 shares of Series F Preferred Stock;
(ii) Subject to OMVS declaring itself satisfied with its due diligence of RAD within 60 days
of the execution of this Binding LOI, the Parties agree to enter into definitive agreements for the consummation
and closing of the Transaction within 90 days of the execution of this Binding LOI.
The above description of the Binding LOI is filed as Exhibit 10.1 h
EXHIBIT B
SERIES F CONVERTIBLE PREFERRED STOCK DESIGNATION
Article I, III, IX shall be replaced in their entirety as follows. No other changes are being made.
I. DESIGNATION AND AMOUNT
There shall be a series of preferred stock designated as “Series F Convertible Preferred Stock”, and the number of shares constituting
such series shall be 3,450, the face amount per share is $1.00 and the total face amount of all shares is $1.00 (“Face Amount”). Such
series is referred to herein as the “Series F Convertible Preferred Stock”.
III. CONVERSION
(a)
Conversion at the Option of holder
. The holder may, at any time and from time to time convert all, but not less than all. of its
shares of Series F Convertible Preferred Stock into a number of fully paid and nonassessable shares of common stock determined by
multiplying the number of issued and outstanding shares of common stock of the Company on the date of conversion by three and 45
100ths (3.45) (Conversion Pric
From the 8K on OTC site
Can you help me understand how many common shares the 3450 shares of series F stock that RAD will receive will convert to?
We will be able to buy Garfield all the lasagna he can eat thanks to this app. Next week this thing explodes.
And that number 6 probably does not include the 2 in Bahrain. So looking like 8 new locations to me. IMO
I agree, patience will pay off big time for us. Dealing with bankruptcy judges can take time. Deal will get done. Then we will be celebrating!!!!
Run to .01 about to start. Better load up.
Good morning GIGL
Is Chunky Cheese the fat sibling of Chuck E Cheese ? LOL what an idiotic post. Gigl is going to make us wealthy!
I hope so, like I said great potential in this field. Will get back in if it gets it's act together.
Same here, in at .0007. Down to .0003 now but.... big deal. Take a look at OMVS. Doing real good on that one this week. 100% yesterday, 50% today.
Great potential here, but so far management is failing.
Trips by end of the week. Maybe then I will get back in. Maybe not. Have to see if this CEO will ever deliver any real news or contracts.
At this point pps is so low I'm just going to hold. Who knows, maybe a year from now or so they figure out some other scam to get share price up and I can sell then.
Did anyone else notice that little trade at .084 just before price just dropped? Anyone with L2 can look to see how many shares that was? Was under 1000
Just like The Jeffersons! LOL
IMO we will see new 52 week high soon. When they ink the Bahrain deal this is going to FLY like an eagle.
Buying all I can tomorrow with the kids college money!! They will be going to IVY LEAGUE schools now!!
I just went on the Bahrain Gov't site. I too was able to find Cityscape Trading on their site. Was a little tricky navigating their site, but they are there. Even showed them on the Gov't map of Bahrain.
Here come the trips!
I will wait for the trips next week before re-entry.
I think Giggle would fit in perfectly there!!!!
Sorry, must not have been totally loaded on OTC site yet. Now it is working.
There is nothing but a header in that report! Looks like mgt trying to pull fast one over on lazy investor's that don't do their DD. IMO
Good day ahead for OMVS
Could be big day for FNRC!!!!
No. I got smart and sold the other day at .10.5. Bought back in today at .0735
Guess that means another short attack comimg. That sucks.
Show proof of any work she has done other than a couple twitter messages.
Again show proof she is 2nd largest share holder. Bet you can't.
Jillian owns nothing yet. Show proof of her exercising warrants.
I agree with all you have said. All I said this morning was I think the Mgt. should address the low cash situation. I am not concerned with dilution. I wish they would do some to get cash on hand in fact. All I was trying to say was there should be a little more communication with shareholdes.
Someone said that the short cash on hand situation was addressed yesterday, I asked to see the PR from Co. or any message from Co on that.
This stock is so manipulated. I had order in to sell at .0285 and it didn't fill but one for more .0295 did. LOL
That's because they don't have an answer. Your're right, just keep repeating same lame DD
You are right. But why hold for a 20% drop when you can sell and buy back in cheaper?
All that and they still lose money. Wish I could get a job like that.LOL What a joke.
Yes and look what they have done NOTHING!!! Can't even get Jillian to invest. She has not put one dime into company yet.