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3,857 Posts.
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17/09/15
16:23
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What exactly does IGS own, in regard to WG?
1 – An expired option. [no mention of an extension]
2 – An option fee on an expired option that cost $162,500.00
3 – A six month unsecured loan of $162,500.00 to the WG share holders.
[2 & 3 ARE payable to the “SHAREHOLDERS” of WG. Why not WG? AND why a loan to the shareholders and not to WG…. just seems a bit odd?]
4 – An announcement on the 1st of Sep. “and it expects to execute binding agreements with Winter Garden in the coming seven (7) days)”
5 – A deal that IGS originally gave an indicative completion date on 22-July-2015
6 – A few minor delays in the time line.
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