Perk Labs Inc (PKLBF)

[LaoTsu]

Stock up big this morning on the Fobi pay announcement... $5 million for one year of Glance's tech license!!! Sounds great... yes?

Sorry... another NOTHINGBURGER by management to pump the PPS... no, Glance is not getting a PENNY of cash... they are just getting a chunk of stock in a non-traded little company that is focused on gathering YOUR data and selling it to Spammers and advertisers...

So far... lots of smoke... but no fire (revenues)... just more big LOSSES.

NEWS RELEASE: GLANCE AGREES TO LICENSE IT"S TECHNOLOGY TO FOBI PAY FOR $5 MILLION DOLLARS

Sounds like a bonanza, doesn't it??? Or is this a VERY misleading, even dishonest trick to pump the stock???

In this announcement: "Glance will license the Glance Pay mobile payment platform technology to Fobi Pay in exchange for 20,000,000 shares of Fobi Pay, at a deemed price per share of $0.25, for an aggregate deemed value of $5,000,000."

"Deemed price"... LOL!!

Is this the act of an honest management team???