OTCPK:ALSYY - Post by User
Comment by
tour2beston Jun 07, 2019 9:47pm
147 Views
Post# 29808053
RE:RE:bilz
RE:RE:bilzLicensing Agreement
Bilzerian et al get 95.6% of the company for what appears to be his name. Existing shareholders (original financing at 0.35/1.75/5.00 per share) get 4.4%.
Now a licencing to use Ignite at 5% GORR for years 1-3; 4% years 3-4; 3% years 4-5, then 2% beyond year 5. Oh my, anything more on the horizon. Managment are signing on both sides of the deal.
Still not sure of financing. $25.8 million at $1.5 per subscription receipt; but has to meet certain escrow and other conditions. Down 0.41 per share first week, so is there the abaility to walk?
Bilzerian paid streaker at Champions League $30,000 but she was wearing Ignite branded bikini, so was he really paying or was Ignite?
Brand leverage, product development, targeted marketing, and strategic supply chain partnerships in his press interview on mjobserver.com website. Lots of marketing-speak, but on 4 P's of marketing, the product will be white label marketing, so Costco brand with Ignite label slapped on.
Am I being too cynical? I do not see upside potential as everything goes to Bilzerian.
Anyone still have this initial terms (December 2017) that drove the initial $18 million in private placements. Who is looking out for the other shareholders?