In the 8-K, in regards to Eagle Processing and Dis
Post# of 75389
(Total Views: 472)
Posted On: 04/15/2020 12:05:16 AM
In the 8-K, in regards to Eagle Processing and Distro's compensation, they are receiving Restrictive Rule 144 type shares that have a holding period:
"As compensation, Eagle was issued 50,000,000 Rule 144 restricted shares of our common stock for services to be rendered during the initial eight (
months of the Agreement. Compensation for the remainder of the term of the Agreement will be negotiated and agreed upon prior to the expiration of the initial eight months. The Agreement will allow us to ELIMINATE or REDUCE certain of our OVERHEAD costs relating to wages, contractors, insurance costs, rent, storage, and logistics, as these costs will be borne by Eagle under the Agreement. "GREAT!" We are still assessing the dollar impact of these savings."
The Holding Period Per the SEC. Gov Rule 144, see this site:
https://www.sec.gov/reportspubs/investor-publ...44htm.html
All and all looks like excellent shareholder value here with a great cost savings move with experts in the field taking on the logistical and many key tasks to more efficiently move us forward.
Great move Michael Welsh and Team!
$RMHB !!
"As compensation, Eagle was issued 50,000,000 Rule 144 restricted shares of our common stock for services to be rendered during the initial eight (
months of the Agreement. Compensation for the remainder of the term of the Agreement will be negotiated and agreed upon prior to the expiration of the initial eight months. The Agreement will allow us to ELIMINATE or REDUCE certain of our OVERHEAD costs relating to wages, contractors, insurance costs, rent, storage, and logistics, as these costs will be borne by Eagle under the Agreement. "GREAT!" We are still assessing the dollar impact of these savings." The Holding Period Per the SEC. Gov Rule 144, see this site:
https://www.sec.gov/reportspubs/investor-publ...44htm.html
All and all looks like excellent shareholder value here with a great cost savings move with experts in the field taking on the logistical and many key tasks to more efficiently move us forward.
Great move Michael Welsh and Team!
$RMHB !!
(6)
(2)