The Company has set up a preferred share arrangement whereby
finder's fees can be issued at a rate up to 15% If financing is
consummated, then Finder shall be entitled to a
cash fee of 15% of the
fundsreceived pursuant to the financing. This fee will be paid
through the issue of securities to a formula based on 15% of the
cash value to be determined or 15% of the securities issued to
realize the cash value. Securities to be issued will be preferred
shares with a 5-1 voting privilege in lieu of the previously
approved share issuances for commissions on asset and share
purchases. These shares would be convertible to common shares at
any time, however, once converted, would have normal common share
voting privileges. This arrangement was approved by board meetings
of March 29, 2014 and July 24, 2014.
jwallace..just to be clear your statement below relates to
Aboriginal Power corp (Indian Financing) and any future financing
with Trend Blind as a consultant to the company (since that time he
has taken a formal role with company management). I don't own any
such preferred shares but I did buy (and traded) shares in the open
market and in the private placement. I'm working with the
company (assisting) with 3rd party validation and companies that
may be interested in their technology. As you can see in Dr.
Murray's videos, the technology has advanced to a stage where they
are getting close to reaching out to other companies to
discuss.
That type of financing (discussed in the 10Q) would be conducted
by larger institutions for potential infrastructure projects such
as landfills, housing and sewer, and solar.
Posted by lrhoades on 19th of Jun 2015 at 06:58 am
I think like Steve stated in last nights newsletter, this is a
new arrangement for him as he has evolved into more of a consultant
of some sort for the company.
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Posted by steve on 18th of Jun 2015 at 07:20 pm
http://breakpointtrades.com/market_analysis/legacy.php?nl_id=2572
Title: click to show comments http://biz.yahoo.com/e/150402/svlt10-q_a.html The
Posted by jwallace on 19th of Jun 2015 at 03:29 am
http://biz.yahoo.com/e/150402/svlt10-q_a.html
The Company has set up a preferred share arrangement whereby finder's fees can be issued at a rate up to 15% If financing is consummated, then Finder shall be entitled to a cash fee of 15% of the funds received pursuant to the financing. This fee will be paid through the issue of securities to a formula based on 15% of the cash value to be determined or 15% of the securities issued to realize the cash value. Securities to be issued will be preferred shares with a 5-1 voting privilege in lieu of the previously approved share issuances for commissions on asset and share purchases. These shares would be convertible to common shares at any time, however, once converted, would have normal common share voting privileges. This arrangement was approved by board meetings of March 29, 2014 and July 24, 2014.
jwallace..just to be clear your
Posted by steve on 19th of Jun 2015 at 08:42 am
jwallace..just to be clear your statement below relates to Aboriginal Power corp (Indian Financing) and any future financing with Trend Blind as a consultant to the company (since that time he has taken a formal role with company management). I don't own any such preferred shares but I did buy (and traded) shares in the open market and in the private placement. I'm working with the company (assisting) with 3rd party validation and companies that may be interested in their technology. As you can see in Dr. Murray's videos, the technology has advanced to a stage where they are getting close to reaching out to other companies to discuss.
That type of financing (discussed in the 10Q) would be conducted by larger institutions for potential infrastructure projects such as landfills, housing and sewer, and solar.
I think like Steve stated
Posted by lrhoades on 19th of Jun 2015 at 06:58 am
I think like Steve stated in last nights newsletter, this is a new arrangement for him as he has evolved into more of a consultant of some sort for the company.