Replies to post #639 on Monster Arts Inc (APPZ)

[Raggedy Man]

The cash is just a portion of what was offered.

1. $50,000 of the Purchase Price shall be paid in cash with a cash payment of $5,000
2. $45,000 to be paid pursuant to the terms and provisions of that certain promissory note
3. $200,000 of the Purchase Price shall be paid in the form of the issuance to Iconosys of 1,052,632 shares of the Company's restricted common stock at a per share price of $0.19.

If the stock goes up, and it will, they make bank if they sell.
Now you do know that Wayne Irving, CEO of Monster Arts, owns Iconosys and TextKills right? Iconosys is a private company and Monster Arts does own a portion of Iconosys.
IMO