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Re: Teliz2009 post# 1142

Wednesday, 05/30/2018 1:01:15 PM

Wednesday, May 30, 2018 1:01:15 PM

Post# of 1821
Yes - $1,000,000 should be paid on or before June 8, 2018 assuming that the company is in full compliance with the transfer arrangements:

... and $1,000,000 is payable upon the completion of both: (i) the complete transfer of the Purchased Intellectually Property to Purchasers; and (ii) the provision by the Sellers of transition information, assets and services to Purchasers, which is estimated to be approximately 12 months from the closing date.

I might also argue that it is 'about time' for

(1) some equipment orders from the current owner of our technology

(2) some updates regarding marketing strategies for equipment sales to non oil/gas industries

(3) an update to the company website - it is embarrassing that the most recent news item is from late 2015 and the site doesn't even reflect the company's name change