Replies to post #19127 on DoMark International Inc. (fka DOMK)

[catchmeifyoucan]

You forgot to read this.......

NOTE 13 – SUBSEQUENT EVENT

In January 2015, the Company entered into a joint venture agreement with Mobil Lads, Corp, to acquire 60% of Simbadeals North American licensing rights, for $700,000 value of Mobile Lads Corp common stock and $225,000 in cash. The cash will be used by Domark to pay off the existing licensing responsibilities to Wazzamba ( the program developer of Simbadeals). Mobil Lads Corp will manage the future of Simbadeals and will be fully responsible for all future funding requirements of the operation. Domark will retain a 25% interest in the Joint Venture. As of February 28, 2015 the Joint Venture payment to Domark International, Inc. from Mobil Lads, Inc. has not been made.

The $ 225,000.00 that MOBO has to pay DOMK is not included as of the date of the filing.