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Momentum Players Compensated Post
Posted On: 01/12/2015 7:57:56 AM
Post# of 53537
Posted By: cherrob
$DEAC The terms of the original contract have since been mutually renegotiated by both parties to include a reduction of $1,500,000 of the cash portion due within thirty days of exercising the option. The renegotiated terms provide that the Company tender a $500,000 cash payment to obtain ownership of the license. These renegotiated terms will be included in the contract upon the Company's election to exercise the option. Currently, these terms have been signed and approved by the Seller and the Company is working on the legal documentation. In addition, the option to exercise the contract has been agreed to be extended to February 28, 2015.

http://finance.yahoo.com/news/elite-data-serv...00350.html

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