Seems crazy. The app has no revenue and no patents mentioned (Can apps have patents?) George getting a little desperate perhaps? If he's going to sell $40-60m worth of orbital gardens this year, and god knows how much cannabis, why would they give 33% of their company away for an app? Looking for a new business perhaps, in case things get rough in the lawsuit?
$5m!!!!! $5m!!!! For an app with no revenue!! Doesn't even mention a premium to the current share price, the shares being locked away in escrow or performance rights until certain NPAT/revenue conditions are met.
Reeks of desperation to me, unless I'm wrong about the revenue of the app.
RGI Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
