GREY:FGBDF - Post by User
Post by
NYX2017on May 18, 2019 3:44pm
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Post# 29758609
SCAM??!!
SCAM??!!If I understand well First Global sold its MOST VALUABLE ASSETS for close to NOTHING, in a ridiculous BAD DEAL,
to the exact same guy that brought the company to the ground?
So he broke the company, left, and now just bought its best assets really cheap, leaving shareholders with nothing?? From the press release: "
First Global has also reached an agreement to sell its US licensed business to an arm's-length third party by the name of Azira Corporation, subject to any required regulatory approval. The terms of the agreement include that the aggregate purchase price will be $5.0M USD for 95% interest in FGMI, on an "as is, where is basis" with such price being paid as: (a) $1.0M USD in cash, with a minimum of $250,000 USD upon closing and the remaining outstanding amount of $750,000 USD being paid within 150 days, and (b) $4.0M USD being paid as a royalty, as eight percent of gross revenues from FGMI, on a monthly basis with reporting and payments being due within five business days of each month end."
Who is is the long time CEO and Chairman of Azira Corporation?: https://www.linkedin.com/in/andre-itwaru-7754693/