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Bullboard - Stock Discussion Forum VIDWRX INC SMDWF

"VidWRX Inc is engaged in developing and operating cloud-based video content production platforms and video production series targeting the business and news markets across North America."

GREY:SMDWF - Post Discussion

VIDWRX INC > Euro Pacific (or Echelon Wealth Partners) still around
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Post by TAswing on Apr 28, 2016 9:05am

Euro Pacific (or Echelon Wealth Partners) still around

I thought they were not around anymore but maybe they like the fact that Steve is the new CEO. You can see the finders fee is paid to Echelon Wealth Partners, their new name since a couple of weeks ago. This is a big player and I am happy to see they are still around.

Some links about their name change, website and acquisition 2 days ago:

NAME CHANGE

ECHELON WEALTH PARTNERS

ACQUISITION OF DUNDEE PRIVATE WEALTH
Comment by TAswing on Apr 28, 2016 9:08am
Finder's fee:  Echelon Wealth Partners Inc., $10,500 cash, 700,000 warrants Finder warrant initial exercise price:  five cents Finder warrant term to expiry:  warrant exercisable for 60 months from issuance at five cents per share    
Comment by BigFatUgly1 on Apr 28, 2016 9:17am
Excellent info TA, I imagine they can really help find some investors for the rest of the financing. Although I beleive it would come either way. GL
Comment by Defaulter on Apr 28, 2016 9:27am
What is the 'rest of the financing'?
Comment by BigFatUgly1 on Apr 28, 2016 9:35am
Open to accredited investors • Up to 200 units - $5,000/unit • Maximum 3 year term • 10,000 warrants/unit • Exercisable @ $0.05 to 3 years • Forced conversion @ $0.20 • Quarterly distribution - $150/unit 7 Immediate Financing Requirement • Minimum six quarterly distributions even if debenture is paid out in under 18 months • As of Jan/2017, 3% of quarterly cash revenues received are paid to ...more  
Comment by Defaulter on Apr 28, 2016 9:37am
Yeah, that'd definitely go a longer way!
Comment by BigFatUgly1 on Apr 29, 2016 12:22pm
You could be right about someone always knowing more before us HPD. Maybe these guys? I'd think they would have to in order to throw money at it? No?
Comment by HPD on Apr 30, 2016 7:08am
What money?
Comment by jerseyman2 on Apr 30, 2016 7:54am
The money to keep them going for another few months .... but first we have to see if they are bringing in Revenues, revenues higher than the previous quarter !!! And now we wait for those numbers !!
Comment by HPD on Apr 30, 2016 9:09am
They are basically risking nothing They buy 7M shares at 3 cents and sell 7M shares at 2.5 cents so therefore pay .5 cent per share. This means they have 35 grand invested and get a 5 cent warrant. This is lunch money for them and if lost means squat. I wouldn't be surprised if EP was anon and destroyed the sp due to losing from previous financings. They will get their money back one way or ...more  
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