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Technologies Sonomax Inc SXHHF

Sonomax Technologies Inc engages in the development, commercialization and sales of intra-ear technology for earphones, hearing protection, hearing enhancement, and other communication applications.


GREY:SXHHF - Post by User

Comment by The_Primed_Reporton Nov 22, 2012 9:15am
127 Views
Post# 20631075

RE: I will start this

RE: I will start this

Mcgillstocks:

I will reply quickly and in much greater detail in the days to come. This is very positive news in my opinion.

"So if read correctly, they will be selling the company for 10 million????"

No, they are selling 51% interest in their intellectual property (AKA Patent portfolio). The reasoning for this is not easily explained but I will work on that.

"First, 19% goes to MADE Global Brands if they make some sales..blalalalala"

There is no first 19%. Lets be clear. For MADE Global Brand to gain a 19% equity interest in SHH they must archive certain performance based obligations. Those obligations have not been publicly disseminated.

"Taiwan gets 100 million shares for maybe 10 million and 51% rights to Sonomax IP. "

If the deal concludes then yes, SHH will receive $10M and ValueLink will gain 51% interest in the IP and 100 million shares.

"What kind of stupid agreement is that and what happens to Sonomax after? Isn't this similar to the 3M stupidity."

This deal is far from stupid. It is IMO absolute genius. There are so many benefits here that can not be explored justly in a brief post. I will work on a detailed description as I see things and I will post it as soon as possible.

The_Primed_report

https://primed24.wordpress.com/

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