From what I understand, there are four entities at play here:
- SQID,
- Shareholder of SQID,
- FGF; and
- FGA.
- FGF has purchased shares from a shareholder of SQID
- FGF have not invested money into SQID
- If SQID performs, FGF will pay more for the shares based on the performance milestones
- FGA is advising SQID at the same time. SQID will be required to pay FGA with the condition that SQID hits the performance milestones outlined in the announcement.
- The bottom line... If SQID reaches all its milestones, FGA will make $550,000 upfront fee + 2 x $550,000 = $1.65m revenue.
- Forums
- ASX - By Stock
- FGF
- Ann: FGF Secures 15% of E-Commerce Payment Business
Ann: FGF Secures 15% of E-Commerce Payment Business, page-8
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