Followers | 175 |
Posts | 18646 |
Boards Moderated | 2 |
Alias Born | 11/29/2010 |
Thursday, September 10, 2020 5:59:51 PM
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?.
Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM