This is from your posting of the 10-Q:
It is agreed by BETT that if the above time table to acquire RT is not accomplished then, the Agreement, that is embodied in this letter, shall become “void” and any and all “Good Faith” Payment(s) issued to RT by BETT shall be considered non- refundable. It is also agreed by BETT that in the event that Betting, Inc. (symbol: OTC - BETT) shares should drop below a market “bid” price of Twenty Cents ($.20) per share before September 1, 1999 for a period of more than Twenty (20) Business days then, BETT shall, in order to continue the Acquisition process of RT, issue to RT an additional sum of Two Million, Five Hundred Thousand (2,500,000) Free Trading shares of Betting, Inc. (symbol: OTC - BETT) no later than Five (5) business day from the Twentieth (20th) day of such stock price decline. (All Stocks are to be issued via Wire Transfer or in the form of a Stock Certificate made to the name of Rogel Technologies)
After today, we have seven business days left in August. I don't think that we have closed below $0.20 for thirteen days so far. We closed last Friday at $0.245 and dropped this week. What a relief.
Scoobey |
