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  4. Rapid Fire Marketing, Inc. (RFMK) Message Board

Interestingly, there exists this seemingly forgott

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Post# of 11899
Posted On: 05/17/2015 11:18:12 PM
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Posted By: EliteYoda
Interestingly, there exists this seemingly forgotten royalty agreement...


Filing

Quote:
On March 12, 2014, the Company was assigned a royalty agreement dated October 1, 2013, with Global Specialty Products, Inc., by Frozen Food Gift Group, Inc. ( 'Assignor' ). In exchange for the assignment of the Royalty Agreement, the Company will pay the Assignor the sum of $10,000 in the Company’s restricted common stock. The royalty agreement provides for the investment of $80,000 into Global Specialty Products, Inc. ( 'GSPI' ) within the next twelve months, with possible triggers for additional investment, for the manufacturing and distribution of Microwave Roasters ( 'MRI' ) products. The Company will receive a 5% net sales royalty payback for the next 10 years on all sales of the Microwave Roasters products through GSPI.




Royalty Agreement


Most recent 10K
Quote:

During the three months ended March 31, 2015, the Company issued 1,754,386 shares of common stock valued at $4,737 based upon the closing market price of the Company’s common stock on the date of the agreement to a third party for the rights to future royalties related to Global Specialty Products, Inc.’s MicroRoasters brand.



May the force be with you.

GLTA


$RFMK


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