a\ initial tranche is 10% at an 11 Mil evaluation. b\ I may be...

a\ initial tranche is 10% at an 11 Mil evaluation.

b\ I may be wrong but I view it all an option. Because the announcement states: IOT will have the option. IOT will have the option. IOT will have the option. IOT will have the option. Four times. It isn't an acquisition. Its based on future performance. Its an option

c\ Immediate payment is for working capital and for the option to buy more. In the short term this will hopefully work to strengthen the relationship and synergies between IOT and US distributor. For the company it will increase prospects with more product streams, thereby reducing risk. My guess - that's is why they did it.