RE:RE:RE:RE:RE:RE:Am I wrong about the specifics of water royalty due date?NIce double post back-track lol try doing your own dd instead of piggybacking off other peoples posts.
BLGV CLEARLY
SAYS
ON JANUARY 8, 2018 THEY'LL HAVE ALL THE CASH. I WOULD THINK AS A SHAREHOLDER THAT LITTLE DETAIL OF UP TO $13.6 MILLION DOLLARS WOULD BE IMPORTANT TO DO A PRESS RELEASE YESTERDAY!!!!
FROM THEIR DECEMBER 5, 2017 NEWS: Mehdi Azodi, President and CEO of Belgravia Capital stated, “We have previously announced the strategy of developing cannabis related businesses incorporating services in the area of permissioned and private blockchains to ensure the integrity of intra-corporate and inter-corporate cannabis industry seed to sale data and related security and safety information. Further, as previously announced on October 17, 2017, the Company received USD $2.8 million composed of a cash receipt of USD $1.4 million and a promissory note which will be converted to cash on January 8, 2018, and further, it is expected that additional funds up to USD $12.2M will be received from Cartesian Capital Group controlled Intercontinental Potash Corp (USA) from New Mexico water sales. Those anticipated revenues are in connection with the Water Royalty, as more particularly described in the Company’s press release of October 17, 2017. Capital received will be invested in the Cannabis industry space and related technology concepts, including blockchain technologies as related to provenance, attestation, security, and trading concepts.”
Read more at https://www.stockhouse.com/news/press-releases/2017/12/05/belgravia-capital-corporate-update#O9tmIEqjycXdOELg.99 Further, as previously announced on October 17, 2017, the Company received USD $2.8 million composed of a cash receipt of USD $1.4 million and a promissory note which will be converted to cash on January 8, 2018, and further, it is expected that additional funds up to USD $12.2M will be received from Cartesian Capital Group controlled Intercontinental Potash Corp (USA) from New Mexico water sales. Those anticipated revenues are in connection with the Water Royalty, as more particularly described in the Company’s press release of October 17, 2017.
Read more at https://www.stockhouse.com/news/press-releases/2017/12/05/belgravia-capital-corporate-update#oOPIGUez8ljBO2xb.99
Further, as previously announced on October 17, 2017, the Company received USD $2.8 million composed of a cash receipt of USD $1.4 million and a promissory note which will be converted to cash on January 8, 2018, and further, it is expected that additional funds up to USD $12.2M will be received from Cartesian Capital Group controlled Intercontinental Potash Corp (USA) from New Mexico water sales. Those anticipated revenues are in connection with the Water Royalty, as more particularly described in the Company’s press release of October 17, 2017.
Read more at https://www.stockhouse.com/news/press-releases/2017/12/05/belgravia-capital-corporate-update#oOPIGUez8ljBO2xb.99
Further, as previously announced on October 17, 2017, the Company received USD $2.8 million composed of a cash receipt of USD $1.4 million and a promissory note which will be converted to cash on January 8, 2018, and further, it is expected that additional funds up to USD $12.2M will be received from Cartesian Capital Group controlled Intercontinental Potash Corp (USA) from New Mexico water sales. Those anticipated revenues are in connection with the Water Royalty, as more particularly described in the Company’s press release of October 17, 2017.
Read more at https://www.stockhouse.com/news/press-releases/2017/12/05/belgravia-capital-corporate-update#oOPIGUez8ljBO2xb.99
Further, as previously announced on October 17, 2017, the Company received USD $2.8 million composed of a cash receipt of USD $1.4 million and a promissory note which will be converted to cash on January 8, 2018, and further, it is expected that additional funds up to USD $12.2M will be received from Cartesian Capital Group controlled Intercontinental Potash Corp (USA) from New Mexico water sales. Those anticipated revenues are in connection with the Water Royalty, as more particularly described in the Company’s press release of October 17, 2017.
Read more at https://www.stockhouse.com/news/press-releases/2017/12/05/belgravia-capital-corporate-update#oOPIGUez8ljBO2xb.99
Further, as previously announced on October 17, 2017, the Company received USD $2.8 million composed of a cash receipt of USD $1.4 million and a promissory note which will be converted to cash on January 8, 2018, and further, it is expected that additional funds up to USD $12.2M will be received from Cartesian Capital Group controlled Intercontinental Potash Corp (USA) from New Mexico water sales.
Read more at https://www.stockhouse.com/news/press-releases/2017/12/05/belgravia-capital-corporate-update#oOPIGUez8ljBO2xb.99
Further, as previously announced on October 17, 2017, the Company received USD $2.8 million composed of a cash receipt of USD $1.4 million and a promissory note which will be converted to cash
on January 8, 2018, and further, it is expected that additional funds up to USD $12.2M will be received from Cartesian Capital Group controlled Intercontinental Potash Corp (USA) from New Mexico water sales.
Read more at https://www.stockhouse.com/news/press-releases/2017/12/05/belgravia-capital-corporate-update#oOPIGUez8ljBO2xb.99
AcynicalJedi wrote: AcynicalJedi wrote: Winniethesadone wrote: Am I the only one wondering why BLGV has failed to announce the (up to) $13.6M USD that they said would be paid yesterday January 8, 2018???
supposed to $1.4M for the balance of the cash owed PLUS $12.2M for hte water rights from the sale of their property??????
no news release just bloody silence from BLGV company!!!
bash me and other posters questions about this all I want to know about this is why are they LATE???? makes me wonder where is all this cash??!!! Im guessing they aren't goint to announce it. So fricking irritated by this!!!!!!!
TonkaDog wrote:
CanadianBorn wrote: You’re wrong, your post was from August 17, this is an updated one December 5th from BLGV, not IC Potash. Just saying DYODD
Further, as previously announced on October 17, 2017, the Company received USD $2.8 million composed of a cash receipt of USD $1.4 million and a promissory note which will be converted to cash on January 8, 2018, and further, it is expected that additional funds up to USD $12.2M will be received from Cartesian Capital Group controlled Intercontinental Potash Corp (USA) from New Mexico water sales. Those anticipated revenues are in connection with the Water Royalty, as more particularly described in the Company’s press release of October 17, 2017.
====
I did see that ICP converted to BLGV. This obligates the company conversion to maintain consistent representation. I get that the $1.4M + $1.4M + $12.2M = $15M purchase price of that asset by Cartesian.
I am trying to find written confirmation (news/website) where it confirms that on January 8, 2018, there will be, additional to the $1.4M contractually obligated, that an additional $12.2M payment directly due from the New Mexico water sales (which appears to be the same revenue source of both the nr I'm referring to and the one you mentioned). I would assume a nr stating a total of $13.6M would then be paid on January 8, 2018.
My apologies and all due respect to this board.
lthe ony irritating thing here is me having to repost this numerous times because lazy people cant be bothered to actually read the entirety of ALL the press releases before running of at the mouth.
this one from the aug 8 2017 NR
A water royalty equal to 75% of the revenue of ICPUSA derived from all sales of water and/or water rights to an aggregate of USD $12.2 million. The water royalty will be backed up by a Mining Royalty of 1%, in the event that the full USD $12.2 million is not received by December 31, 2022. ICPUSA will agree to use all reasonable commercial efforts to source and enter into agreements to sell the water resources as soon as reasonably practicable. The Board of Directors of ICP note that water is in great demand in New Mexico and Texas due to the large oil and gas fracturing industries in the United States. Read more at https://www.stockhouse.com/news/press-releases/2017/08/08/ic-potash-and-cartesian-enter-into-letter-of-intent-regarding-ochoa-deposit#CUJZ7RHxIQzVTaMv.99
and this one from nov 6th 2017 Working Capital As previously announced on October 17, 2017, the Company received USD $2.8 million composed of a cash receipt of USD $1.4 million and a promissory note which will be converted to cash on January 8, 2018. Further, it is anticipated that additional funds should be received from Cartesian Capital Group controlled Intercontinental Potash Corp (USA) from New Mexico water sales. Those anticipated revenues are in connection with the Water Royalty, as more particularly described in the Company’s press release of October 17, 2017. The actual timing and quanta of the water royalties are not specifically ascertainable. Read more at https://www.stockhouse.com/news/press-releases/2017/11/06/ic-potash-announces-expanded-icp-organics-development-strategy-to-include-value#gwUxeWDF2rQHVJmI.99
So for those with a low reading comprehension on the board the $12.2 million is to be no later than dec 31 2022.
If the the full balance is not paid by then via said water royalties whatever is still due will be backed up with mining rights.
further more i dont think that the actual converting of the promisary note to cash is in and of itself worthy of its own news release.