Wednesday, December 11, 2019 8:49:44 AM
My expectations on the appeal have been higher. I'm not completely sure we've lost it however. I think we still have a chance.
My reason to comment on your post was mostly that even though I don't think it will do much for us, it is still interesting to know what we as common shareholders are owning.
The IP might already be transferred to the JVCo making us own only 4% of it. But I'm not sure if all conditions are met yet. If not, it wouldn't mean 'we' are entitled to the income out of the IP, but it just means we haven't turned over the keys yet as a insurance for getting everything done.
But we can't decide to keep the keys if all conditions are met.
There is an agreement, the buyer gives the seller what they own them, then the seller needs to give the buyer what is promised.
Only if the buyer doesn't provide, we will get to keep the IP.
And maybe the buyer already did provide, or maybe not.
So the IP is sold, from that moment on, the income belongs to the buyer, and only if the conditions aren't met in time, we get to keep the merchandise
I think we are on the same page with that. Only you might be a little more sure about the status of the deal.
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM