BevworksInitally touted as a $10M deal over five years, was later revised to a 50% ownership in a company that was just created and had no social media presence until this news release.
Auditors wiped any revenue off the books and due to state of the business and transaction couldn't even define it as a business under IFRS rules.
Today, instead of $10M in revenue, FOBI now owns half of it with a negative book value of $58k and are responsible for 50% of their $105k of liabilities.
