Interestingly, there exists this seemingly forgotten royalty agreement...
Filing
Royalty Agreement
Most recent 10K
May the force be with you.
GLTA
$RFMK
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
