Replies to post #23407 on IJJ Corp (IJJP)

[Carjockey2]

Collectively, the total of the periodic contract payments, annually, provided for in the MPT Agreement and the WOM Agreement, are $11,375,000 and $731,150, respectively, referred to herein as the “Property Interests”. The contracts also require that the investors from whom the Property Interests were acquired (in exchange for the stock) pay, collectively, to construct the farms and the facilities $3,500,000 and $750,000 respectively. None of the five publicly trading issuers are obligated for these payments to facilitate the construction of the facilities for the growing of medicinal marijuana, that being the responsibilities of the investors. Following the execution of all of these agreements, the investors remain liable for their portion of these obligations and the issuers will receive the income amounts or Property Interests. Until the investors’ obligations are paid in full, 90% of any and all amounts realized are placed in escrow, to assure that the farms and facilities are constructed.

[Carjockey2]

So, regardless to how negative one might have chosen to believe about any past failures from IJJP or its management, this deal with WOM now makes them very real as they will be getting $2.1 Million in pure 100% Net Income/Profit per year. Impotant to note, the $2.1 Million is not Revenue, but Net Income because the Expenses are already absorbed through WOM. This deal is a game changer for IJJP and all of the companies involved.