Voip Pal Com Inc (VPLM)

[nomorerollbacks]

VERY INTERESTING INFO... THANKS

Egold Member Profile Egold Member Level Wednesday, March 13, 2019 4:43:35 PM
Re: None Post #
77315
of 77335
who's heard of Digifonica

Key Executives For Digifonica International Corp.
Mr. Mike Bowerman
Chief Executive Officer, President and Director
Age: 70
Mr. Magdi Emil Malak
Co-Founder and Chairman
Age: 65


The Company acquired Digifonica in December 2013. Pursuant to the terms in the Share Purchase Agreement (the “SPA”) the Company acquired 100% of Digifonica from the seller, the CEO of the Company (the “Seller”), for a cash payment of $800,000 and 389,023,561 common shares of the Company.

Sure as shootin Emil got some of that.

Here it is right here

The SPA included an anti-dilution clause (the “Anti-Dilution Clause”) that requires the Company to maintain the Seller’s percentage ownership of the Company at 40% by issuing the Seller a proportionate number of common shares of any future issuance of the Company’s common shares. Shares issued pursuant to the Anti-Dilution Clause are recorded as a share issuance cost within the Additional Paid-in Capital account (Notes 7 and 9).

Lets get this right right off the bat the ceo and president get 800 Grand and 400 Million shares to sell Digifonica to VPLM LOl

And they get a anitidilution clause to boot to maintain 40% ownership

For what

To collect 5M bonuses LMAO