Under the terms of the agreement, 600,000 common shares will be issued at closing, and a further 600,000 common shares (to a maximum of a further 5,400,000 common shares) will be issued each time Global Wholesale Network.com acknowledges revenues of $2,000,000 (Cdn.) and net profits of $30,000 (Cdn.).
Hmmmm, so Mr Lucatch thinks 600,000 of his shares is worth a one-time profit of $30,000 Cdn.
Now we know the value of VNE as determined by its president.
Who are we to argue with him.
In any case, Mr Lucatch likes to use his need to consult with lawyers as an excuse not to freely share information, on the record, with prospective investors. |
