Well how about that! News! News is news but I'm not sure about this one -- it appears that instead of having revenue coming in they are paying cash out for "Future Equity" in what is termed the 'home services industry'.
Vancouver, B.C. – TheNewswire - March 29, 2022. Plank Ventures Ltd. (“Plank” or the “Company”) (CSE:PLNK) is pleased to announce that it has entered into a Simple Agreement for Future Equity subscription agreement (the “SAFE”) with Karve IT Ltd. (“Karve”). Over the next 11 months, Plank will make equal monthly subscription payments to Karve for a total subscription amount of $300,000.
About Karve IT
Karve IT builds SaaS Franchise Management software for the home services industry with a focus on smart data tooling and improving the operations life cycle through workflows.
About Plank Ventures Ltd.
Plank is an investment company targeting investments and business opportunities in the technology arena, focusing on early-stage start-up companies that already have developed a customer and revenue base and were seeking funding for expansion.