TSXV:WEE.H - Post by User
Comment by
tanninon Dec 08, 2020 10:45pm
450 Views
Post# 32064772
RE:RE:RE:Financials Released
RE:RE:RE:Financials Released I see/// Directors fee's 'only' $150k (dir's exps ?). Inv. impairment $ 216,079 is stunning, and.."During fiscal year ended August 31, 2020, the Company acquired certain exclusive, irrevocable rights related to licensed patents (“fully-paid up license”) in the Middle East and North Africa for acoustic/ultrasonic well stimulation technologies, for consideration of $66,175. In addition to the consideration paid, the Company is required to pay a royalty of twenty-five (25%) percent of its net revenues received in relation to the licensed patents. For the fiscal year 2020 no royalties were accrued or paid. Amortization expense for intangible assets for the year ended August 31, 2020".
Hmm, is that a genuine biz opportunity, or something else ( baksheesh to get biz ???) Interesting, and not, to my knowledge, previously announced.