RE:RE:RE:RE:BevworksSo what, nobody cares about the activity or lack of it concerning Bevworks,maybe there is a good reason Bevworks doesn't maintain a website? Although some here will attempt make it something of so much importance that FOBI must be a scam company. Also I see where you only include some of the information about the "10 million" and omit the part where these monies(10 million) could be satisfied by...
VANCOUVER, BC, June 28, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that it has received payment in full from the five-year licensing agreement with Canadian beverage manufacturing company, BevWorks Brands Inc., further to the Company’s press release dated Monday, March 27, 2023, seen here. The License Agreement provided BevWorks with the option to pay the license over the five-year period or a one-time, upfront payment in full through the issuance of 11,875,000 common shares, which at the time of issuance, equals 50% of the equity in BevWorks. In accordance with the License Agreement, BevWorks elected to pay the one-time, upfront payment of equity in lieu of cash payments over the five-year period. The Company will recognize this revenue in accordance with IFRS policies.
So the so called "facts" you state are never backed up with anything except"because you say so", which is a common practice on message boards.