Second Wave Petroleum Inc SCSZF

What's Tourtek worth?

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And given information below, what is Frank worth as a Director of a compnay (in this case RSI to whome he recommnded and bought on behalf of RSI, one Tourtek GDS module). Addage seems to be, if you can't get money by selling shares in SCS, swap useless bits of SCS for shares in another compnay you are on the BOD of and dilute it's sharholding instead. Wonder how long Frank will last, most BOD members are aqquiring shares in the compnay, this year, Frank and Pat have been unloading (to pay SCS accountants they would have you beleive... oh look, they didn't) From the accounts of RSI International; LICENSE AGREEMENT On November 27, 2003, the Company entered into a License Agreement (Agreement) with a company related by a common director, whereby the Company is granted non-exclusive rights and license to access the TourTeck GDS Module and GDS Networks for a period of five years from the date of the Agreement. The Company issued 2,000,000 common shares during 2004 as consideration for the license. The Agreement also requires royalty payments on a per transaction basis during the license term. In 2004, management decided to write down the license to be impaired and accordingly wrote the license down to to a nominal value of $1.