Nominal will be $1 It's just legal documentation to ensure that...

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Tony barber

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29/01/19

14:07

Post #: 37251787
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Originally posted by JanosN ↑

Originally posted by JanosN
So what does everyone make of this comment.

"Talico has the right to purchase back intellectual property which it has assigned toTV2U in certain circumstances for a nominal amount (including where TV2U fails topay any fees which it has agreed to pay to Talico, fails to use its reasonableendeavours to commercialise certain technology or becomes insolvent). "

Is NF really putty all his eggs in one basket, when or if TV2 goes belly up he can buy it back it for a nominal amount.

Cheers,
J
So i feel getting clarification around the two following points will basically tell us whether this whole IP transfer is merely some window dressing or actually has some substance to it in respect of NFs motivations.

1. What is meant by nominal? My experience in the accounting industry is its usually just that a nominal amount "a couple dollars". So NF is essentially going to reward himself with the issue of 1billion shares if this takes off, if not just buy it back for peanuts again if its goes belly up. It doesn't exactly instill confidence in me and makes this whole transaction merely window dressing.

The one positive which i see in this announcement which I need to do more research into. I'm assuming TV2 doesn't need to make any licensing payments taking the pressure off on cash flow, but i don't remember whether these where via cash payments or share issues.

2. What do they mean by reasonable endeavors to commercialise? So are they/NF saying they haven't been taking reasonable endeavors to commercialise. It all just feels a bit meh.

Just a punters thoughts.

Cheers,
J

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Nominal will be $1
It's just legal documentation to ensure that if the company goes under that the liquidator has no right to hold that asset.

TV2 Price at posting: 0.8¢ Sentiment: None Disclosure: Held
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Nominal will be $1 It's just legal documentation to ensure that...

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