OTCQB:HLRTD - Post by User
Post by
ScotiaOneon Jul 22, 2020 6:36pm
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Post# 31304803
Help me out here...
Help me out here...Sounds interesting and considering a position. However, if I read this correctly from their Financial report: "The Company entered into a non-binding memorandum of intent with Oropass to form and invest in a joint venture with Oropass on a 50% basis each to market certain intellectual property in the European Union ("EU Licensing Rights MOI")."
Am I correct in that there is yet to be a binding contract on this venture? If so, what happens if that falls through?
Maybe I missed a subsequent announcement? I'm here because I don't mind risk, but this seems to be a fairly risky bet if that contract isn't reached OR they don't raise the cash needed for the JV: "Formation of a joint venture is subject to the Company securing joint venture seed funding on or before August 1, 2020 and execution of a joint venture shareholders' agreement between the Company and Oropass."
So... help me out, what don't I understand?