Finally some answers:
Hi Solidgold ,
Easy to answer.
Medify International and Medify Asia, the 2 planned subsidiaries will have a contract under which a portion of the sales will be repatriated to the holding company (MFYS). It is very common that the subsidiaries pay a license fee to the holding company.
Usually, the holding company holds 100% of its subsidiaries shares. Here, we are going to have the holding company owning 75% of its subsidiaries’ shares (or more) and the rest of the shares being in the hands of the present shareholders of MFYS. And the shares are listed, to the benefit of the shareholder of MFYS today.
As MFYS holds more than 75% of its subsidiaries shares, it retains control over them, and can consolidate all the income into the MFYS accounts.
In other words, you are getting a free nice amount of cash into your hands through the ownership of these new shares. A gift for all the patient shareholders. Obviously, the idea is to get all the existing shareholders to buy some more shares, or at least not to sell them. Our goal is then to find new layers of buyers into the stock.
Best regards,
Sean Kelly
President
Email sean.kelly@stocktargets.com
Web www.stocktargets.com
36, boulevard Helvétique
1207 Geneva, Switzerland
Mob +41 79 203 7124
Tel +41 22 700 7648
Fax +41 22 700 7362
Skype sean.kelly
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De : Jonathan Bryant [mailto:jonathanbryant@btconnect.com]
Envoyé : Friday, May 19, 2006 7:58 AM
À : Sean Kelly
Objet : Fw: subsidiaries
Hi,
I am travelling today so do you want to deal with this?
----- Original Message -----
From:Solidgold
To: jbryant@medifysolutions.com
Sent: Friday, May 19, 2006 5:07 AM
Subject: subsidiaries
Sorry Jonathan,
But still don't understand how the parent company will benefit directly from subsidiaries (real money paid). Please explain. Also, where is Quarterly Report ?
Thank you,
Solidgold
