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Replies to post #39969 on SFLMaven Corporation (SFLM)
DialedIn2Trade
08/30/18 3:56 PM
#39970 RE: BornAtNight #39969
Prodigy
08/31/18 10:07 AM
#39972 RE: BornAtNight #39969
On March 13, 2018, the Company, through its UK Subsidiary, DNA Interactive Games Limited, sold its BitCoin ATM Patent (“Patent”) for $312,500 to Bitcoin ATM Patent, LLC, an investment group formed to acquire this foundational patent. Pursuant to the terms of the patent assignment, an initial deposit of $150,000 was due at signing, and the remaining $162,500 due on June 15, 2018. During the quarter ended March 31, 2018, the Company received $37,500 as payment on the agreement, and an additional $125,000 was received by the Company subsequent to March 31, 2018. Acquired in January 2018, the Patent covered Bitcoin transactions via ATM. SUBSEQUENT TO JUNE 30: The buyer of the patent subsequently defaulted on their payments and a new timeline for payment is being agreed. The Company expects the full funds to be available to it by mid-September