RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Comcast SportsTech Class of 2024 TestimonialsYou're the one who brought up a lack of education. Can't take it then don't dish it.
You really do try and spin this thing that Fobi acted in good faith.
I would say it is incumbant upon Fobi to declare in a PR that there is this "back up option" rather than declaring it represents $10 million in REVENUE!
But say they fully expected to receive the payment in cash. By your logic on how this deal transpired the team at Fobi is completely inept. They signed a deal, marketed as the largest deal in the companies history without any due diligence. That's the assumption you want us to make here because they signed a multi million dollar licensing agreement but that company can elect to pay the value in equity. A company that was formally formed FOUR MONTHS prior to signing this agreement, a company by Fobi's own financial statements represent zero value. "Given that BevWorks is an early stage company and did not hold any assets at June 21, 2023, the value of common shares received is $nil at June 21, 2023".
So Fobi either completely dropped the ball and entered into this ridiculous arrangement or maybe, just maybe, Fobi marketed this tin an effort to boost their ever plunging share price and to try attract investors.