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17,232 Posts.
954
13/10/16
12:25
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Corlett is already a named distributor for IOT's Roam-e
So he already has the synergy to sell both the hoverboard and Roam-e
So why the need for IOT to give his company a $1m loan facility and then pay him $10m in IOT script for 10% of his company that has no income?
If his company is so great, why does he want to sell it, with option for IOT to buy 100%?
Mind you, at $100m for 100% of a company that makes no money and has no product, I'd be selling too.
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