SGBY had their 10Q on Friday, will get noticed very shortly, some DD ,
The Company generated $275,330 in revenue for the six months ended March 31, 2016 as compared to $10,412 for the six months ended March 31, 2015. A majority of the increase, $185,260, was a direct result of the consulting services provided to clients assisting with licensing and compliance services. $79,657 was attributed to the acquisition of CR Labs.
On September 17, 2015, Signal Bay, Inc. (the “Company”) entered into an Agreement for Share Exchange (the “Agreement”) with CR Labs, Inc., an Oregon corporation (“CRLB”) and CRLB’s existing shareholders (“CRLB Shareholders”). Pursuant to the Agreement, the Company acquired 80% of CRLB’s issued and outstanding common stock (560,000 shares) from the CRLB Shareholders in exchange for 40,000,000 newly issued restricted shares of the Company, to be issued pro rata the CRLB Shareholders. Pursuant to the Agreement, closing occurred no later than September 18, 2015.
So let's see...we bought CR Labs for 40 mm restricted shares of the company, and already gave us 79,657 $ in revenues. What would you expect from Oregon Analytical and Kenevir Research knowing we paid millions for them???
This is for Oregon Analytical:
"Article IV. PURCHASE PRICE
Section 4.01 Purchase Price. The purchase price for the Assets (the "Purchase Price") will be:
(a)
$972,500.00 for all Assets other than Inventory; and
(b)
The assumption by the Buyer of:"
For Kenevir Research even more...
And LOTS of things coming for the summer:
Signal Bay Services was formed on January 25, 2015, as the management services division of Signal Bay. Currently, Signal Bay Services has one contract with Libra Wellness Services, LLC with anticipated engagement commencing in August 2016.
And Don't forget about California!!!
$$SGBY
