Bowmo Inc (BOMO)

[Chaddy]

Correct me if I'm wrong. Many people are saying we own 20% of Supreme Sweets now, but isn't that the opposite of what is happening??

"On June 30, 2018, Supreme Sweets Acquisition Corp., a subsidiary of US Highland, Inc., and US Highland, Inc. (collectively, “UHLN” or the “Company”) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Supreme Sweets Inc. and 2498411 Ontario, Inc., as sellers (collectively, the “Seller”), pursuant to which in exchange for CAD $200,000 and a twenty percent (20%) interest in Supreme Sweets Acquisition Corp., the Company agreed to acquire the trade secret assets of Seller (the “Initial Closing”) upon the terms and subject to the conditions set forth in the Asset Purchase Agreement (the “Supreme Sweets Acquisition”). A second closing is scheduled to occur on July 31, 2018, pursuant to which Buyer will acquire the furniture, fixtures and equipment of Seller in exchange for CAD $100,000 (the “Subsequent Closing”)."

From what I am understanding, does this not mean UHLN paid $200,000 to Supreme Sweets and offered a 20% stake in OUR affiliate, Supreme Sweets Acquisition Inc., so now we own ALL of Supreme Sweets (less 20% that we offered Mario)? I'm just a bit confused that it's possible for a $25Million Revenue generating company to be purchased for $300,000 cash with a 20% share in the purchasing company. Also, purchasing the asset equipment for $100,000 seems VERY low for a fully functioning production line company.

Can someone shed some light on this??