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Justfactsmam

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Justfactsmam

Re: Roy London post# 2251

Thursday, 01/30/2014 10:28:31 AM

Thursday, January 30, 2014 10:28:31 AM

Post# of 2395
Very interesting action...since the transaction essentially sells the company control and technology to EL for $1M

Read the release...
1. EL now owns 51% of company (and in March will be 75% of the company)...
2. EL..has a "free" license meaning it pays the public entity ZERO for the right to use the technology...
3. IMHO...ORYN..is just a shell now with EL siphoning off all revenue from its technology.

Wonder if Directors and Officers received an % in EL for payback for this deal?

IMHO opportunity to sell while you can...before Class Action Suit...this is not an "investment", it is a "giveaway" takeover...
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