Aside from the confusing jargon, isn't there something to the Schdule 13 filing under VOTING AGREEMENT AND IRREVOCABLE PROXY, item 3.
"MINIMUM VALUATION. As additional consideration for the granting of the irrevocable proxy, the Company guarantees the Yucatan Group that the Yucatan Shares shall have a minimum value of $6,000,000. In this regard, in the event that, after a period of 24 months, (i) the aggregate gross proceeds received by the Yucatan Group from the sale of the Yucatan shares, plus (ii) the fair market value of the Yucatan Shares not yet sold, is less than $6,000,000, then the Company agrees to issue to the Yucatan Group a number of additional shares of unregistered common stock with a fair market value equal to such shortfall. The same analysis shall be performed thereafter following another 24 months to determine if gross proceeds from sales equals or exceeds $6,000,000."
If this were acted upon, wouldn't that have caused BHUB to give Yucatan (if they hadn't sold shares) over 150mil unreg shares in 2/2001 to make the min valuation? And if they didn't sell then the billions would come into play in 2003?
How many legs does a dog have if you call the tail a leg? Four; calling a tail a leg doesn't make it a leg.
Abraham Lincoln
