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Saturday, October 20, 2007 4:28:38 PM
In assigning $1.5M value to software:
1. What software is this?
(a) Real Time module?
(b) Does this include software not yet launched?
2. Does Drew still hold all proprietary rights to what is produced by the iFinix corporation or not?
3. If Drew announces all proprietary rights to intellectual property is held by INXR, will that mean all existing property and ALL FUTURE property as well?
4. How much of the $1.5M assigned to software value has Drew been compensated for already?
(a) Has Drew been given all of the $1.5M already? If not, How much so far?
(b) In what form exactly was he compensated for these amounts, in terms of cash and shares granted to him?
(c) How much of shares that he has been granted so far has he sold and how much does he still hold?
(d) How much of the $1.5M does he still remain uncompensated for and how does he intend to be paid for it, in cash or more shares?
(e) If he intends to be paid in cash, how will they raise that money, by selling more shares, from revenues or by borrowing money?
5. How much has Drew been paid in salary and other considerations in 2007 in addition to being compensated for the $1.5M for the value of the software?
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