$QUES....8K great read
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10332715
Look at some details, BCS gave themselves up for stock valued at $2
They get MORE shares if they perform, But they don't get it for FREE, they have to PAY for it
I cant believe that QUES did such a SHAREHOLDER FRIENDLY deal.....
I cant believe BCS gave themselves up for such a deal, they could have gotten more...
Any OTC stock would have diluted us...and it still would have been great...
My only guess is, that QUES and BCS both know the combined companies will do MUCH MUCH better and they, BCS and QUES, owners will make huge $ from the deal...and by extension we will
I am speechless and mystified why the stock ISN'T $1.25 or HIGHER TODAY....IMO, even at $2, its cheap
The Stockholder Note is convertible any time at the election of the holder into shares of common stock of the Company (the “Common Stock”) at a conversion price of $2.00 per share. In addition, the Agreement provides that the BCS Stockholder will be employed as Western Director of Sales following the closing of the Transaction.
A performance-based stock option to purchase 2,200,000 shares of Common Stock. This option will vest and become exercisable for all of the shares on November 21, 2023, provided that the Executive remains in continuous service with the Company on such date. The shares subject to the option will vest as follows: (a) if Company achieves annual net revenues between $100 million and $150 million in any given year, an additional 200,000 shares shall immediately vest; (b) if the Company achieves net revenues between $150 million and $200 million in any given year, an additional 400,000 shares shall immediately vest; (c) if the Company achieves annual net revenues between $200 million and $300 million in any given year, an additional 600,000 shares shall immediately vest; and (d) if the Company achieves annual net revenues in excess of $300 million in any given year, an additional 1,000,000 shares shall immediately vest (until in each case the option is fully vested). In the event of any vesting event in (a) through (d) above where net income as a percentage of net revenues exceeds 10%, then the shares vesting on such event shall be increased by 50%. In the event net income as a percentage of net revenues for such year is less than 5%, then the shares vesting on such event shall be decreased by 50%.
Complements to Windough for the read. Thanks Windough!
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10332715
Look at some details, BCS gave themselves up for stock valued at $2
They get MORE shares if they perform, But they don't get it for FREE, they have to PAY for it
I cant believe that QUES did such a SHAREHOLDER FRIENDLY deal.....
I cant believe BCS gave themselves up for such a deal, they could have gotten more...
Any OTC stock would have diluted us...and it still would have been great...
My only guess is, that QUES and BCS both know the combined companies will do MUCH MUCH better and they, BCS and QUES, owners will make huge $ from the deal...and by extension we will
I am speechless and mystified why the stock ISN'T $1.25 or HIGHER TODAY....IMO, even at $2, its cheap
The Stockholder Note is convertible any time at the election of the holder into shares of common stock of the Company (the “Common Stock”) at a conversion price of $2.00 per share. In addition, the Agreement provides that the BCS Stockholder will be employed as Western Director of Sales following the closing of the Transaction.
A performance-based stock option to purchase 2,200,000 shares of Common Stock. This option will vest and become exercisable for all of the shares on November 21, 2023, provided that the Executive remains in continuous service with the Company on such date. The shares subject to the option will vest as follows: (a) if Company achieves annual net revenues between $100 million and $150 million in any given year, an additional 200,000 shares shall immediately vest; (b) if the Company achieves net revenues between $150 million and $200 million in any given year, an additional 400,000 shares shall immediately vest; (c) if the Company achieves annual net revenues between $200 million and $300 million in any given year, an additional 600,000 shares shall immediately vest; and (d) if the Company achieves annual net revenues in excess of $300 million in any given year, an additional 1,000,000 shares shall immediately vest (until in each case the option is fully vested). In the event of any vesting event in (a) through (d) above where net income as a percentage of net revenues exceeds 10%, then the shares vesting on such event shall be increased by 50%. In the event net income as a percentage of net revenues for such year is less than 5%, then the shares vesting on such event shall be decreased by 50%.
Complements to Windough for the read. Thanks Windough!
