RE:RE:RE:RE:Q1 Thoughts? Ok...I find this stunning:
13. Related Party Transactions (continued) j) During the year ended November 30, 2017, there was license fee and design revenue of $1,014,500 (2016 - $nil) with Cannapay, an associate of the Company. As at November 30, 2017, Cannapay owed $30,625 (2016 - $nil) to the Company, which is included in accounts and other receivables. The amount due is unsecured, non-interest bearing, due on demand, and to be settled in cash. k) During the year ended November 30, 2017, the Company entered into a licensing and design work agreement with Active Pay. The Company received 1,000,000 common shares of Active Pay on November 30, 2017 at a deemed price of $0.10 per share, which was recorded as deferred revenue. l) During the year ended November 30, 2017, the Company entered into a licensing and design work agreement with Euro Asia Pay. The Company received 8,500,000 common shares of Euro Asia Pay on November 29, 2017 at a deemed price of $0.07 per share, which was recorded as deferred revenue.
It appears that all three companies are related, quite likely subsidiaries of Glance. Cannapay clearly is. Are they even real companies as I can't find websites for them. They accounted for almost all the revenue of the company. So from what I can tell it looks like the revenue they are "generating" is by selling licenses to subsidiary companies and most of it is in the form of shares not even cash. Can someone please correct me?