FROM another board. Timeout tried to make this work for the existing share holders but as expectyed the CEO screwed up again.
By: timeoutbadboy1
26 Jul 2009, 09:23 AM EDT
Rating: Msg. 75907 of 75938
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I tried...
The deal is DEAD for NOW. If anyone is interested this was the latest deal in the works. I'm walking away for now they are once again being unreasonable.
$25,000.00 upon signing deal. Mark has agreed
$25,000.00 90 days after signing of deal Mark has agreed
$25000.00 180 days after signing of deal Mark has agreed
$25,000.00 270 days after signing of the deal Mark has agreed
$100,000.00 to be paid out on a quarterly basis over 24 months coming out of cash flow to start at twelve months after the signing of the deal. Payment to be approximately 5-10% of gross sales of HNIPU. Refer to proforma submitted.
5% of the re-structured Company. The 5% will be of the authorized shares (900mm). The Company will have first rights to purchase this 5% after 18 months for the shares that are converted into common and sold at market price or $25,000.00 which ever is the lower price.
Please either agree or comment on the name of the operating Company; “TRIPLE M HOLDING LLC” Mark has agreed
We need to discuss the percentage split of the holding Company so I can at least get that started along with the operating agreement.
Will set up appt with lawyer to discuss operating agreement, Hicks promissory notes (if perfected) and any other items we raise with our next meeting
Finally when can I expect the $10,000.00 and will it be wired into my account or check written to me? Mike has sent $5,000.00.
Best Regards,
Michael
Michael Sheppard
President
Global Matrechs, Inc.
P: 203.431.6665
F: 203.431.8304
