65Vette ... good post. The evidence for the merger is in the last 10Q.
Snipets of interest from 8-16-2011 10Q
Looks like CEYY is already invested in FSP, Inc. and FSP, Inc. owns "7.5% of the common shares of CEYY" as stated below. It seems that all they need to do is get the books square for FSP, Inc. then get CEYY to file an 8K, SC Form 14F1, or DEF14C or the appropriate filings to finish the deal?
Anybody else know how the filings may line-up to get this deal done?
Red
**************
Investment Policies
FSPM does not have an investment policy at this time. On August 5, 2010 the Company invested $88,000 in Fresh Start Private, Inc. a private Nevada Corporation at an interest rate of 3% simple fee with a 2-year term, payable at the end of the term.
NOTE 3– INTANGIBLE ASSETS
On October 28, 2010, the Company acquired an exclusive product license, which included the right to use the Naltrexone Implant and any procedures related to the licensed product. The Company paid a onetime license fee of 7.5% of the total common shares outstanding on the date of the agreement, or 5,672,250 common shares at the market value of $0.70 per share as of the date of the agreement. Total value of the license is recorded as $3,970,575. Additionally, the Company will pay $600 for each prescription request of the licensed product. The agreement will remain in force for so long as the Company continues to use the Licensed Product.
For the purposes of the Asset Purchase Agreement, “Assets” shall mean those assets that are related to the Trademark and the Intellectual Property that are or were used or created by Licensor in its conduct of business, including all assets, rights, interests, and properties of Licensor of whatever nature, tangible or intangible, real or personal, fixed or contingent, except for the Trademark and the Intellectual Property. For all assets received, the Company paid $10.00 in cash.
*******************
The Company intends to develop its business in alcohol abuse treatment and alcohol detox rehabilitation. On October 28, 2010, the Company acquired an exclusive product license, which included the right to use the Naltrexone Implant for alcohol Treatment and any procedures related to the licensed product.
On November 22, 2010, the Company entered into an intellectual property license and asset purchase agreement which included an exclusive right to use the Trademark “Fresh Start Private” and Intellectual Property, including written grogram regarding alcohol addiction, alcohol withdrawal, alcohol abuse treatment and alcohol detox rehabilitation. Finalization of the intellectual property license and asset purchase agreement is subject to due diligence by FSPM board members along with audited financial statements from Fresh Start Private. Fresh Start Private currently operates a clinic in Orange County California.
Best of luck to all ...
Red
News 
Market Data 
Discover 
AI
