A few thoughts about the company, page-5

While the current price is down any good news insofar as revenue would be welcome.

The rusty announcement looked good but the details are a bit thin.
Not super familiar with the surf industry, but assuming Rusty make say 20,000 surfboards a year (that's a guess) and they pay $50 licensing per board for SMS design on 10% of boards, that's 2000 boards at $50 each = $100K income per year.

What makes it annoying, given its not a huge revenue deal. For signing this license deal the directors get paid 11,599,140 ordinary shares which at today’s value of eleven cents equates to $1.27m in "commission". Is this correct, am I missing something?

Our share holding probably gets diluted as well?

Be great to get some feedback on what the rusty deal is actually worth in regard to actual revenue.