Stop marketing the stock and start marketing the tech. 1,000,000 euros for freaking IR....
VANCOUVER, British Columbia and IRVINE, California, July 2, 2021 – PowerTap Hydrogen Capital Corp. (NEO: MOVE)(FWB: 2K6)(OTC: MOTNF) (“PowerTap” or the “Company” or "MOVE") announces that pursuant to its shareholder approved restricted share unit plan (the “RSU Plan“), it has granted an aggregate of 48,430,000 restricted share units (“RSUs”) to directors, officers and consultants (the “Eligible Parties”) of the Company. The RSUs will vest over a period of 2 to 4 months with certain RSUs having pre-determined milestones that need to be met in order to vest. The RSUs shall entitle the Eligible Parties the ability to acquire one common share (a “Share”) of the Company underlying each such RSU by delivering a notice of acquisition to the Company in accordance with the RSU Plan for a period of 5 years from issuance. In accordance with the RSU Plan, the RSUs were priced at $1.2569 based on the previous five-day volume weighted average trading price, calculated by dividing the total value by the total volume of securities traded for the relevant period.
The Company is also announcing that it has renewed its engagement with First Marketing GmbH, a leading investor relations and marketing firm based in Heidelberg, Germany, to continue providing marketing services for an additional period of 6 months, focused on the European markets. The Company initially retained First Marketing in October 2020 and renewed the engagement in February 2021. Under this latest renewal, the service provider is to continue to provide content distribution, translation and advertising services in Europe. The Company agreed to reimburse the service provider up to 1 million euros for distribution and advertising costs, and grant to the principals of First Marketing an aggregate of 12 million RSUs to develop required content and artwork and to launch its market awareness programs in the European Union over a 6-month period. These compensation RSUs form part of the RSU grants referenced above and will vest in thirds on the 2nd, 3rd and 4th month from the grant date. The service provider is arm's-length to the Company, and all content created by the service provider on behalf of the Company will be reviewed and vetted in accordance with the Company’s review procedures before distribution.