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Friday, September 11, 2015 2:27:30 PM
The 5% of all purchase orders is a great deal for Tonner - for example on the latest alleged $820k PO with Walmart - he would take $41k off the top - without any of the risk that OWOO has for making a margin on the dolls and/or the risk net of returns for unsold/damaged goods. OWOO on the other hand, gets 5% of their gross sales taken away off the top - in a world where OWOO is not showing any net margin, selling at a cut throat discount outlet such as Walmart does not bode very well for getting much of any revenue down the road.
From the deal he also gets buy in from Melton and Daniel as shareholders in his new Tonner venture (re.: not OWOO getting a buy-in of Tonner's company).
Regarding Tonner's ~10% buy-in of preferred OWOO shares, it simply hasn't happened (yet) otherwise we would have seen a 13d (or 13g) filing as required by regulation for publical traded companies. What we don't know (if ever) are the terms of such a buy in - as the preferred shares are not readily/openly traded, the Company is pretty much free to hand them out at a price they feel is at their whim. The preferred (AA) shares have a voting right of 10,000:1 over common shares, so you can imagine how much stroke he will have with 10%.
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