Reckon Ltd T.RKN

RE:RE:RE:Rights Offering - Strategic Plan - Shareholders PARTICIPATE

[factRbest]

This doesn't make anyone else go, 'HUH???????"

Services Agreements

Implementation of Redknee's strategy of customer success requires an immediate need to respond to the challenges arising from global restructuring of the Company and dedicate resources in areas where there are gaps. As a result, the Company intends to retain the services of Crossover and DevFactory as the go-to service providers with proven skills, efficiencies and quality to meet the requirements of the Company.
 

1. Crossover will provide the Company with access to service providers (the "Crossover Services Agreement"), and (ii) a technology services agreement between the Company and DevFactory FZ-LLC or an affiliate thereof ("DevFactory") pursuant to which DevFactory will provide certain technology services to the Company (the "DevFactory Services Agreement" and, together with the Crossover Service Agreement, the "Services Agreements"). Each of Crossover and DevFactory is an affiliate of ESW.

In connection with the Proposed Transaction, Wave will be granted a warrant to acquire 2,500,000 subordinate voting shares at a price of US$0.50 per share as a fee for providing the Standby Guarantee (the "Standby Guarantee Fee").

The Proposed Transaction is subject to a number of conditions including, the following:

Read more at https://www.stockhouse.com/news/press-releases/2017/05/16/redknee-announces-proposed-transaction-in-furtherance-of-its-strategic-plan#W1epHhVCc8ScqdWz.99

Keeping the (your) money in one big happy family.

The only thought that comes to mind when I read all this is,stick a fork in it!!