Bowmo Inc (BOMO)

[Chaddy]

First, the investment to acquire the 20% stake in Oventa was only worth $300k.

The $7M in assets we "gained title to", I assume, was including the value of the building lien, which is only to guarantee payment from the company (security lien, not ownership).

There is no way that we would have access to the full $7M once we divest, considering our investment to purchase was only 300k.

CZNI was able to purchase the physical furniture assets for $100K as part of the second level of the acquisition.

Divesting in this would probably only see us get back $300k, plus the percentage of revenues generated while we were partnered. At max, probably $500-600k.

Maybe I'm miscalculating this, but we are not ending up with $7m in our pockets with only $300K investment. I wish it were that easy.