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Re: RJ5 post# 44981

Wednesday, 08/15/2012 11:39:05 AM

Wednesday, August 15, 2012 11:39:05 AM

Post# of 80403
It's a valid concern, but at least paste the entire sentence in to show that he doesn't get royalties until after the first $2 million in revenue:

On August 5, 2012, the Company’s wholly-owned subsidiary, Wetwinds Inc., entered into a license agreement with WEC ASSET LLC for the rights to use a certain Social Media concept developed by WEB ASSET LLC. The license agreement calls for royalty payments of 49% of all revenues derived for the use of the licensed rights subsequent to the Company’s initial $2,000,000 of revenue, to be paid quarterly.


Vir2o will never make ECDC shareholders money.

From 10Q:
On August 5, 2012, the Company’s wholly-owned subsidiary, Wetwinds Inc., entered into a license agreement with WEC ASSET LLC for the rights to use a certain Social Media concept developed by WEB ASSET LLC. The license agreement calls for royalty payments of 49% of all revenues.


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