RE:Lights On, Crude Calculations. Pursuant to an agreement dated November 13, 2023, Graph Blockchain has agreed to acquire DM EVS from Datametrex for an aggregate purchase price of up to $3,750,000, contingent upon DM EVS's achievement of certain milestones over a three year period. At closing, Graph Blockchain will issue to Datametrex 15,000,000 common shares at a deemed price of $0.05 per share, under the terms of the agreement.
Datametrex's opportunity to receive up to an additional $3,000,000 in Earn-Out Payments is contingent upon DM EVS's fulfillment of certain post-closing performance metrics over three (3) years. These Earn-Out Payments incentivize and ensure continued focus on maximizing DMEVS's value under new ownership.
So we get 15 million shares of GBLC up front but the current price of the stock is only $.015, ($225000). The 3 million won't even be paid out for 3 years and only if the EV's fulfill certain performance metrics (in other words, make alot of profit). Wow, this means we might not make alot on this deal. Ughhhhhhh.