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Generative AI Solutions Corp C.AICO

Alternate Symbol(s):  AICOF

Generative AI Solutions Corp. is a Canada-based artificial intelligence company. The Company is focused on developing a vertically integrated artificial intelligence (AI) solutions business through its MAI Cloud platform, with the development and commercialization of AI-powered tools and solutions for businesses and consumers across multiple industries. It is focused on using AI to create transformative products and services that benefit business and consumers across various sectors. The Company is engaged in developing AI-based solutions, which can be integrated into diverse workflows. By leveraging its MAI Cloud platform and its expertise in machine learning, natural language processing, and data analytics, it builds high-performance tools that redefine efficiency, productivity, and user experience. It intends to use the MAI Cloud platform to perform AI computing tasks and hosting for its internal projects, including GenAI Tobacco, Remitz, Classmate, and Global AI Newswire.


CSE:AICO - Post by User

Post by deepoil0808on May 13, 2022 7:14pm
198 Views
Post# 34683256

$ 100,5 million USD asset purchase price explained

$ 100,5 million USD asset purchase price explainedThe asset purchase price offered by MO is $ 100,5 million USD.

There are two components that MO is purchasing

(a) the Patents and Intellectual property - which are owned by Ryan and his partner

(b) the worldwife perpentual license to sell Poda pods, trademarks, rights, manufacturing expertise - belongs to Poda


Management has determined that the purchase price of $ 100.5 million USD is to be paid as follows:

(a) $ 45 million USD to the personal banks of Ryan and his partner, in turn they give up patents

(b)    55 million USD to Poda Holdings the corporation - in return for their worldwide perpetual license


Poda Corporation will then distribute a dividend of 40 cents per share Cdn to the shareholders of Poda.

There are approximately say 110 million shares outstanding so, $ 44 million to shareholders (Canadian), Ryan and his partner must own some of these shares or, a good chunk of them. 

Then another $ 15 million to Poda shareholders that have multiple voting reights - most likely Ryan and partner

Balance of cash on hand $ 1 million.

=======================================================================================

So if we review the sale this is what it gives more or less:

Sale price:                      $ 100.5 million USD                 equals to                  $ 126 million  Cdn


Paid out as follows:
(a) To Ryan and partner       45  million USD                  equals to                       56 million   Cdn
(b) To Ryan and partner       15  million USD                  equals to                       19 million   Cdn
      (multiple voting shares)
(c) To Ryan and partner                                                                                         4 million   Cdn
      (preference shares Invictus)

Total to Ryan and Partner:                                                                                  79 million  Cdn
Total to Poda shareholders                                                                                 47 million  Cdn


Real distribution of proceeds is:     
Ryan and partner                                    62%
Poda shareholders                                  38%


This is the worst deal for shareholders for Poda as we get 38% of the proceeds and Ryan and partner get 62%.

Now I question:

- why did Poda only value Eson's 50% intellectual property, rights, trademark at $ 3.45 million while Ryan and partner are taking $ 79 million their 50% share?

- why is the Poda license only valued at $ 47 million, while patents and IP are valued at $ 79 million?  

The contract between Poda and Ryan was a 90% for Poda and 10% royalty to Ryan, so why in a sale does Ryan and partner take 62% and we get 38%?

Does Ryan really believe that the shareholder base is this naive not to do their own calculations and find out what is what?

Under what illusion is management in thinking that this is a very good deal for shareholders and that it will get approved on June 22?

The Invictus shareholders whom own about 60% of this stock are disgruntled and this deal adds insult to injury.

Know your rights, the Poda license belongs to us around the world.   If Ryan wants to sell his patents then that is fine, but the license remains with us and we decide what to do with it.   Anything that is sold without our permission is a violation and, the profits belong to Poda.

I am of the opinion that our worldwide rights in this license are not valued at $ 47 million, more like $ 470 million.

It is up to shareholders to defend their rights against any perceived injustice.   We have laws, rights and lawyers. 

Get yourselves legal advise and defend your rights.

My personal opinion, 

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