Share
125 Posts.
lightbulb Created with Sketch. 6
clock Created with Sketch. 24/09/18
17:09
Share
Originally posted by worzel1
↑
Thanks for that, but I think it was seboya that asked about the gold held.The Deal Trans Global were given a 36% interest in Oretek plus a 40% economic interest in the patents , in return for introducing financial backers to the company. The remaining 60% economic interest was retained by Oretek.Trans Global sold the 40% economic interest in the patents to Rand(20%) and Tribune(20%) for 2.3M shares and 2.3 M options in each of the companies. An independent expert appointed at the time by Tribune determined the value paid by Tribune alone to be between $1.3M and $1.75M. Rand and Tribune were also required to contribute a further $1M each in financing to develop the technology.He was paid to negotiate a deal with his own company. A company we now know he owns 100% of. He even had the options awarded directly to Tran Global.His company was paid significant sums by both the selling party and the buying party in the same deal. He was also paid personally for negotiating the deal - paid 3 times for the same transaction.
Expand
Someone tell me this is fair, and doesn't stink.
