Blue Diamond Ventures Inc (BLDV)

[Kool Aid Man]

IMO billing would have to go thru the license holder. That's good for him because he will know what revenues are.

However, it doesn't sound like the guy knows how or had any ability to do testing nor the ability to finance the operation. It's not even clear who will own or lease the old Dollar General store. H360 Labs is reportedly attempting to raise $2.5 million to get the Missouri and Puerto Rico facilities operational. Their plan is to accomplish this via the issuance of "new" 506(c) securities which the SEC says has to be done to "accredited investors." So are we talking about another new class of shares being issued through BLDV or through one of H360's private corporations?

So once operational presumably product comes in for testing, results are given in exchange for a fee. Once payment is received the expenses are deducted (rent/mortgage, salaries, payments for testing equipment, cost of operations and other overhead, taxes etc. THEN the royalties and fees BY the license holder TO H360?

The estimate of "$4.2 million in royalties and fees over 6 years" comes to $700k annually. That's $58k per month.

It hasn't been disclosed what is the percentage of gross revenue are these royalties and fees set at? 10%? 15%? 20% more?. Also, who will be paying the investors in those "new 506(c) securities? Finally, will long suffering BLDV shareholders see any of it?.