Replies to post #8677 on Intl BioChemical Industries Inc fka IBCL

[ikay70]

Whee ---All caught up---I think instead of eating I am going back to bed----Wheaties can wait---Gee This is a great board with a load of intelligent people----My compliments to GG for impregnating so wonderful a board----"SEXY"

IRV Hungry but Tired

[invest in kids]

Are you referring to this wording (in bold)?

... Additionally, the Company will receive 5% of all gross sales of products sold by Nova using technology Jointly owned by the two companies (see subsequent events) . The Company also received an exclusive license agreement under which the Company has exclusive authority throughout the world to manufacture and sell the former assigned products of the Company. The license may be terminated at anytime giving sixty (60) days notice to the Company.

If so, then please explain what it means.

If you're referring to something else, please explain that also.

I really need an answer to this. Seems to me that this ability to terminate the license agreement could have a significant impact.