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Re: creakyhottie post# 31864

Wednesday, 04/03/2024 11:01:07 AM

Wednesday, April 03, 2024 11:01:07 AM

Post# of 32184
Yes, I am glad that you noticed the payment terms in the $QIND 8k filed yesterday for the stock purchase agreement of Al Shola Al Modea Gas Distribution. The payment terms were "$9 million in National Exchange listed stock or cash to be paid to Seller. Payment in eight quarterly tranches over a period of 24 months, beginning from the first quarter following uplist to a National Exchange."

Why would Al Shola accept stock as a possible payment and why would they allow that the payments be tied to the uplist event? Because they are confident that $QIND or $ILUS will be a NASDAQ listed stock in the very near future. Al Shola will do their due diligence into the matter certainly.
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