TSXV:MRS.H - Post by User
Comment by
haterzgunnahateon Aug 25, 2018 1:57pm
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Post# 28517212
RE:LICENSE is a DONE DEAL - minor adjustments - 2 to 3 weeks
RE:LICENSE is a DONE DEAL - minor adjustments - 2 to 3 weeksCHOICES you absolute douche trough...isn't it enough that everyone here has lost everything?? You are still pumping this trash NONSTOP and will not quit, I will be shocked if this opens above 10 cents. No one halts a stock for months unless something is seriously wrong...give it up you're pathetic.
choices999 wrote: If anyone is familiar with negotiations you will know that MRS would not, Halt the stock, declare the original distribution agreement VOID and then engage costly lawyers to prepare a license agreement that takes 1 month to prepare, if you had not already agreed to most of the material terms.
I remember when we signed a similar type of license agreement, it was first exploration discussions, then more intense discussions, then negotiation of material terms, some additional negotiation, before we finally had a template of material agreement, followed by drafting of legal agreement with lawyers to comtemplate for signature. This is where we are at with MRS.
Once agreement was handed over to us, we turned it to our lawyers. Our lawyers recommended some changes and pointed to some non agreement clauses and what was to be adjusted. We reviewed lawyer recommendations and gave ok to recommendations. Our lawyer then send feedback of changes to the other parties lawyers.
The other parties lawyers would review, speak to their client and see whether they agree to modifications of if it is refused. Some they accept, some are non negotiable.
So agreement is returned back to us with yes to this, and no to that. We discuss with our lawyer to see if we can push back and legal ramifications or not. Lawyer will give risk analysis. At one point, both parties and both lawyers reach an area where there is standstill, meaning neither party will budget on their particular points.
At that point, a decision has to be made, either to accept and sign or to walk away..
I say this as there are many people who are ignorant of negotiations and think it is like buying a car. It is NOT. It is complicated.
So it could take another 2 to 3 weeks of what I call haggling.
On another note I did not get the offer of shares by the poster, so someone who is bashing and really has no shares.
My personal option