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Saturday, August 15, 2020 2:40:15 PM
The Question is how does Sam get dealt into the game? So Sam Mathews is a family friend of the Dokis. Sam is a boyhood friend of Suresh.
Over a cup of tea they are talking one day and Suresh says "Sam, lets set your company up under a shell that Naveen has" Sam says "Cool".
So Obocon is already Sams and he has a few business ventures, the Doki deal brings in a vehicle to get everything together under one shell.
Initially Doki was putting Hyperion under CLSI but that got all bungeled so Suresh passes it on to Sam to be sorted out and gives sam a place for his ventures.
Sure the shell comes with some baggage, DB Capitol and Jeffrey Beckett but Doki has no use for it because he just picked up MISM. So the shell goes to Sam Mathew / Obocon / CLSI.
Now, does there need to be an acquisition with millions of shares? Can they use the 5 million authorized?
Keep in mind that Doki got hosed with RLBY and the Maslow mess. Naveen will want to keep control in the future. The 5 million preferreds does this.
With all of this said. I feel that the deal for Obocon, the structure will just be a formal way of giving Sam his cut. Doki will remain in control but does he need all 5 million?
Suresh said that the CLSI shell came with some baggage, DB, Beckett, 5 million preferred shares and a bunch of shareholders of record.
Lets wait and see how this all plays out....
Holding CLSI Long.
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