So Yappn isn't getting paid for DWF servicesLMAO. So now there is really no revenue.
Being paid with over priced shares. Shares tightly held so the price can be what they want.
(The share owners are listed on ICEIF filing.)
WHO WOULD HAVE GUESSED! LMAO.
I guess you can see why the ICEIF price jumped. Similar to the $1.50 shares that INT owns of Yappn.
"Effective February 29, 2016, Digital Widget Factory (Belize) (“DWF”) sold the technology platform, partially developed by Yappn in conjunction with DWF’s principals, to Intelligent Content Enterprises (“ICE”) in exchange for shares of ICE. As part of the transaction, DWF has ownership and rights to 24 million common shares of ICE for a large minority shareholder position of ICE. The Company is in final negotiations with DWF and anticipates executing on a final promissory note from DWF, for the value of the billings of $2,125,000 million (of which $1,431,489 is currently recorded as a receivable). The promissory note is to be secured by DWF’s ICE stock holdings in the amount of 4,250,000 shares, which at the current market value of ICE shares, significantly exceeds to the value of the promissory note."