Q Lotus Holdings Inc. Trading and Monetization Tea
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Posted On: 08/09/2016 10:37:16 AM
Q Lotus Holdings Inc. Trading and Monetization Team Obtains $500 Million Financial Instrument..
CHICAGO, Nov. 23, 2015 (GLOBE NEWSWIRE) -- Q Lotus Holdings Inc. (OTC:QLTS) (the “Company”) is pleased to announce that, the Trading and Monetization Team, consisting of Harvestime Worldwide Oil Trust London, LLC, Wild Stallions, LLC and the Company (the “Parties”), have obtained a $500 million financial instrument pursuant to the service agreement the Parties entered into on September 11, 2015 as stated in the Company’s most recent 8K filed on September 30, 2015.
By subsequent agreement among the Parties, it has been agreed that by completion of the monetization , $75 million shall be deposited directly to the Company’s bank account within a matter of days.
The Company anticipates funding other projects through its Trading and Monetization Team and expects to continue to utilize the same approach to finance its current and future major real estate projects as well as to add additional capital when needed.
Upon receipt of funds, a follow up public announcement will be promptly made.
https://globenewswire.com/news-release/2015/1...ument.html
CHICAGO, Nov. 23, 2015 (GLOBE NEWSWIRE) -- Q Lotus Holdings Inc. (OTC:QLTS) (the “Company”) is pleased to announce that, the Trading and Monetization Team, consisting of Harvestime Worldwide Oil Trust London, LLC, Wild Stallions, LLC and the Company (the “Parties”), have obtained a $500 million financial instrument pursuant to the service agreement the Parties entered into on September 11, 2015 as stated in the Company’s most recent 8K filed on September 30, 2015.
By subsequent agreement among the Parties, it has been agreed that by completion of the monetization , $75 million shall be deposited directly to the Company’s bank account within a matter of days.
The Company anticipates funding other projects through its Trading and Monetization Team and expects to continue to utilize the same approach to finance its current and future major real estate projects as well as to add additional capital when needed.
Upon receipt of funds, a follow up public announcement will be promptly made.
https://globenewswire.com/news-release/2015/1...ument.html
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