Answering this question takes a little history lesson into the CEO.
"why should or would shareholders be paying Steve Berman, the company's (FMS) CEO the amount filed & quoted above since FMS Marketing only has the licensing rights to distribute Cogosense's apps."
As I understand the CEO's past as it relates to Distracted Driving...
First I have to point out that SB is the CEO of ONCI, not FMS Marketing as referenced above. He was the owner of FMS Marketing.
I believe, long before involvement with ONCI, SB recognized the distracted driving epidemic and sought out the best distracted driving solution, or was directly involved in creating it (whatever). He then secured that device through licencing agreements, thus FMS Marketing (that's the important part). I'm sure a lot of time, work, effort and money was involved in completing this process.
To build the business, he sought out an OTC company he could run his start up through, enter ONCI. With the ultimate goal of becoming Hexagon Holdings.
In order for ONCI to benefit from the distribution of the distracted driving devices, they had to own the licencing agreements... so we (shareholders) had to buy them.
I guess what your referencing is that SB could have given them to ONCI for free, or at little cost? I guess that is true, and to each their own... but I certainly wouldn't do all that work for free, and I wouldn't expect SB to either.
I have no issue with how this was conducted. There will be more revenue generated as a result of this purchase in the NEXT 2 QUARTERS than the entire purchase price. I'd say that's an extremely quick payback, not to mention extremely profitable.
It's all there, if one was so inclined to do all the DD.
Go ONCI!
All posts are my opinion only.
