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Post# of 32393
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DCorleone

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DCorleone

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Re: StockMedic1 post# 8079

Monday, 11/30/2015 2:30:36 PM

Monday, November 30, 2015 2:30:36 PM

Post# of 32393
On November 11, 2015 the Company entered into a binding letter of intent to purchase all right, title and interest to patent number 7,806,852. The Company will pay to the seller $100,000 in the form of warrants to purchase shares of the Companies common stock. The Company shall pay the seller $1.5 per unit on sales of current product as well as $3.00 per unit on sales of new devices incorporating the patented encasement. If the Company sells a majority interest or there is a change in management from the original founders, the seller has the option to continue the royalty agreement or take a one time $250,000 cash payout and waive future rights.

My opinions are those of an uneducated , unseasoned, businessman, who has owned and operated his own businesses, WITH HIS OWN MONEY. They are not to be used as investment advice. Only an analysis.
Invest in yourself, control your own Destiny.

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