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Thursday, June 15, 2017 12:35:08 PM
I agree with everything you said, but lets add this:
Icld needed to unload a profitable sell able subsidiary that was not part of their core cloud operation plans, that could be sold fast for desperately needed cash flow to Icld, to avoid blowing up the Icld AS any worse they already did.
So they sell the profitable, valuable enough to make a real deal on, Aws to $MVTG, and use that debt from $MVTG as collateral for an immediate cash loan from others, using the MVTG debt to Icld for the purchase price of MVTG buying Aws, instead of increasing the Icld debt and increasing their already bloated AS. That way Icld gets the cash upfront (no need to wait 12018 months to print and sell MVTG shares, or to collect a cash payoff from MVTG) and passes off the MVTG promissory note used to buy Aws to a banker.
What I like about the promissory note MVTG used to pay for buying Aws, is that it can be payed with cash profits from Aws profits, interest free in 6-12 months, instead of shares, thus no need to worry about short selling banksters driving the price down like typical convertible toxic debt sellers do.
The new CEO of MVTG, Ponder may have engineered the entire financial deal for all sides, a win win win win deal for stockholders, investors, insiders-employees, loan shark-banksters...
All the old MVTG debt, 2 million dollars of it was converted to preferred shares and locked up as part of requirements from Icld to sell Aws to MVTG!!!!
By converting that MVTG debt to preferred shares the account will no longer show that 2 million in debt, and will instead show a $2 million dollar increase in stockholder equity and working capital. And the 14 Million in MVTG tax losses for 10 years will make the Aws profits for the next 14 million in profits income tax exempt!!!!
Also moving MVTG to the US lowers the taxes for Aws profits!!!
I would also watch a possible PR of an issued MVTG-Mantra Energy-ERC patent in the USA this year based on the new application I founded and shared here last month. That would kick off working on doing a US-EPA-DOE pilot plant, perhaps for coal since Trump wants to save coal jobs!!!!
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