Capital Ideas....one year later.... Is it just me or has anyone else wondered what Capital Ideas has done to 'raise the company profile' and the like over the past year....for $60,000, plus expenses, plus stock options $$$, with what seems a easy renewable term if management deems.....
"announced that it has engaged Capital Ideas Investor Relations ("
Capital Ideas") effective December 3
rd, 2012 (the "
Effective Date") to provide investor relations services to the Company. Capital Ideas helps companies raise their profiles.
Subject to TSX Venture Exchange approval, the agreement for investor relations services is for a term of one year from the Effective Date, and may be renewed upon mutual agreement. The agreement may be terminated by either party upon 30 days' written notice. Under the terms of the agreement, Capital Ideas receives $5,000 per month in fees and reimbursement of its expenses. As part of this agreement, and subject to TSX Venture approval, Capital Ideas will be granted a total of 300,000 stock options priced as follows: 150,000 of such options will be priced at $0.50 per share and the remaining 150,000 options will be priced at $0.75 per share. These options will expire no later than 5 years from the date of grant. All unexercised stock options will be cancelled 30 days after investor relations services are terminated.
Anthony Durkacz, a principal of Capital Ideas, holds 75,000 common shares of the Company.