Replies to post #22739 on DoMark International Inc. (fka DOMK)

[Frayed Knot]

Oh that is in addition to his salary. Sweet gig, huh.

[Frayed Knot]

hey Grybuck, what do you make of this section...

At February 28, 2014, the Company recorded this Licensing Agreement and the related "Flat Fee" liability as an intangible asset and liability in the amount of $300,000. In the three months ended May 31, 2014, the Company paid $75,075 of the first $100,000 "Flat Fee" installment due the Licensor under the agreement. The other $24,925 due is presently past due. The Company is currently in negotiations with the Licensor to have its rights pursuant to the Licensing Agreement converted into an equity interest in a new entity to be owned by both the Company and the Licensor. The new entity would have worldwide rights to Licensor's technology now entitled "Monetizer 101".

So Andy is gonna start yet another company? Makes me laugh, "worldwide rights".. SURE SURE. Everything else he has done has gone so well; just reading the 10K shows what an amazing businessman Ritchie has proven to be.

Wonder why he reduced his pay? What a great guy... HAHAHAHAHA

During the current fiscal years ending May 31, 2015, and May 31, 2014 Mr. Andrew Ritchie was compensated $116,512 and $165,209. Mr. R. Brent Strasler was compensated $26,500 and $115,850 for the same period