Good questions Kevin103.
There seems a fair bit of contradiction in the last release
One one hand some of the comments suggest a full takeover and some clearly state the relationship is only at the sales and marketing level.
For example, the content below can in my mind only apply if Mooter takes over the Hotshots business.
Commenting further on the Partnership and the Agreement, Mr. Jermyn said:
I see the partnership as a mutually beneficial alliance.
HotShot clearly brings an extraordinarily exciting project to Mooter....while Mooter, in turn, brings to the partnership:
a public forum for investor interest;
a trading bourse for investment;
a higher credibility acceptance, because of the transparency and reporting disclosures required of listed, public companies.
If Mooter only has an investment in Hotshots I cannot see how the above "transperancy and reporting disclosures together with a trading bourse for investment could apply.
Now on the other hand Mr. Jermyn goes on to say.
Although HotShot intends to form a number of significant economic alliances with major international corporations .... there will be no other partnership of a similar nature to that to be encompassed in the Mooter Sales and Marketing Partnership.
The arrangement affords them significant influence over the sales,marketing and deployment of HotShots photo networking platform and its gaming and entertainment concepts.
Just sales and Marketing??
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