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  4. Hollund Industrial Marine Inc. (HIMR) Message Board

As I'm doing this I thought of another senario. Re

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Post# of 17862
Posted On: 06/01/2013 1:07:40 PM
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Posted By: Integracer02
As I'm doing this I thought of another senario. Remember we purchased 100% of hirs at one point which lonnie hayward is president of and he is founder of himr. Last year we had an agreement to purchase all rights, patents and etc. from hirs. Well later last year we reduced some share structure and a lot of obligation in dedt and developement costs by giving the patents, rights, ect. Back to hirs. Remember himr said that this relieves us of cost to build the tigerlynk and puts it back on hirs. Well we established a 10 yr. exclusive agreement with hirs which lonnie hayward is president of, to market, manage, and operate tigerlynk. To which part of the agreement also was percentages of profit as we market, manage, and operate tigerlynk that will go to hirs(lonnie hayward). Well this to me is interesting because at the end of last year we returned everything back to hirs, then c blocker expires dec.31st,2012, now the shares issued to hayward have a purpose , by selling Lonnie's shares he now has money to develope the tigerlynk without himr finding financing. It would be in his best interest to do so if we have concessions and the future looks profitable to do, lonnie hayward stands to profit from himr utilizing the tigerlynk through the 10 yr. exclusive agreement and himr doesn't take so much dedt at the same time in financing. What do you think.


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