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btradin

05/05/05 3:54 PM

#219 RE: Sparqy_01 #218

Thats exactly right, he would then be a customer, but I can already see from meeting him he too is a true believer in the tech, and knows where it's going. And now he is
Aibee Automotive Group, what a ring that has.
His words that slipped during his speech about how airbee will make his product better was " it's going to be huge, you guys will read about it soon"
then Raj cut him off, and Daniel said something about sorry for say something forward looking, I will try to only talk about the past and my history in the automotive industry.
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Ubertino

05/05/05 7:38 PM

#222 RE: Sparqy_01 #218

Nelson has a one month window alright but it is Airbee, in the final analysis, which can buy HIM out at a 15% premium, not the other way round!

From the 8K:
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=3442474&doc=1&total=&back=2&...

If the Company and Mr. Nelson are unable to reconcile or settle matters within the 30 days, then the Company[Airbee!] shall be permitted to purchase Airbee Automotive Group, Inc. from Mr. Nelson for $5,750,000 (115% of the Merger Consideration). The purchase price shall be reduced by proceeds (if any) Mr. Nelson received from the sale of the Company’s common stock he received in connection with the Merger Agreement. In the event that the Company purchases the surviving entity from Mr. Nelson, Mr. Nelson shall execute a non-compete agreement as conditional consideration for such payment.