Ikona Gear International, Inc. (fka IKGI)

[RonnieD]

This event signals a change in Ikona's approach, and I think it comes from ICA Advisors. I don't think Ikona has the ability to mass produce, and they are basically emphasizing design followed by sale of rights to produce now.
They will now make royalties or in this case receive just one lump sum payment for rights.
The balance sheet is not imperiled. I hope they received at least 1 million on this sale.
The encouraging part of the PR is: "Ikona and ICA Advisors, a division of Intellian Capital, are also investigating partnerships within the alternative energy sector that would allow us to incorporate our patented gearing technology in wind energy turbines."

I will look for the next 10Q and for more moves, as ICA Advisors attempts to extract value for shareholders, which is what I think they are doing.
It's obvious from this PR that they are ramping up design and fabrication of new systems.
They don't even want to be involved in the marketing and forming of alliances, just let other companies take care of that, and stick with what they are good at - design.
I've added you as assistant mod.