FOT 0.00% 34.0¢ fortunis resources limited

Greetings @3500 nice to see you here also. Congrats on heart...

  1. 346 Posts.
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    Greetings @3500 nice to see you here also. Congrats on heart nihilism.

    Just some historical info from my notes related to above posts for ppl to peruse if they haven't read it already.

    Annc July 14 of agreement between LTX and Mpire - at this point revenue of $55K was already 50% sourced from outside the Zhenya group

    Delays of Due Diligence - was extended twice from mid-Aug to mid-Sept to End-Sept and then Share sale and purchase agreement 30 Sept.

    Maroon Tech is on LinkedIn and are the Dublin group @kates9999  There's been no mention of them in the FOT annc but they were purchased in Sept 14 by Livelynk. Not sure if the Toronto based Mpire Network have a similar sub. Perhaps this will help your sales staff research?
    Livelynk entered into a Share Sale Agreement with Alcubierre Holdings Pty Ltd (Alcubierre) on 15 September 2014 pursuant to which Livelynk has agreed to purchase and Alcubierre has agreed to sell the sole share on issue in Maroon Tech to Livelynk. 24/10/14 LTX Ann Report
    Mr Eugeni ‘Zhenya’ Tsvetnenko is the sole shareholder and sole director of the Livelynk Vendor, which is the sole shareholder of Livelynk and he controls Lydian Enterprises Pty Ltd which also ultimately owns and controls Alcubierre. 24/10/14 LTX Ann Report

    The info in the LTX Annual report on Mpire is a great read for understanding the business model @sevencents77

    This same LTX Annual report contains the Independent Experts Report which concluded NOT fair but reasonable. The reasons behind the NOT fair conclusion are on p103 and p106.

    A week after the annual report was anncd, LTX went into trading halt and then suspension and then the deal with Livelynk fell apart.

    The consideration between LTX and Livelynk was 23.5M @20c + 39.9M Class A perf rights (gross rev of $15M over 18m) + 26.6M Class B perf rights (gross rev of $25M over 24m) 10/7/14 LTX annc
    NB - the consideration stated in the Independent Experts Report was slightly different

    The consideration between FOT and Livelynk is 10M @20c deemed value + 5M class A perf rights (gross rev of $25M over 18M) + 7.5M class B perf rights (cum net profit of $1.5M over 24m) 26/3/15 FOT annc

    Zhenya auctioned the family home Dec 14
    https://au.news.yahoo.com/thewest/b...5590121/tech-boss-to-sell-applecross-mansion/

    Think all the info is correct and relevent but happy to be pointed in the direction of more UTD research. Don't think I've added any speculation
 
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