Fortitude Group, Inc. (FRTD): 1stepahead1 - Nice dig man... nice DD....

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Imperial Whazoo

Re: 1stepahead1 post# 2479

Saturday, 10/28/2006 11:17:26 PM

Saturday, October 28, 2006 11:17:26 PM

1stepahead1 -
Nice dig man... nice DD. It is in need of a thorough explanation to explain exactly where & how it fits into IHDR agreement. What it looks like is there is an additional 5% fee that covers sales (thus not directly effecting IHDR) but the 5% also covers unspeciafied management services.

To quote: "...US Energy shall pay a fee of 5% of revenues of all sales related to the licensed technology. The license grants to HYFS a world-wide non-exclusive right to commercialize the CAVD technology and to manage the previous agreement with Internal Hydro International."

The totally unclear part is the phrase "and to manage the previous agreement with Internal Hydro International". I am not the sharpest pencil in the pack but that sure sounds loosy-goosy to me!!. IMHO, a full explanation would be reasonable from IHDR the company.

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."