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Most likely, if a Google/EDIG deal was still in the "Letter of Intent" LOI stage contingent on completing a deep dive due diligence process ( think patent lawyers and review of EDIG's robust patent portfolio) a material event has yet to occur and no announcement would yet be required.
IMO!
Wheels
IMO, an executed NDA between Google and Edig that has kept the terms of the settlement confidential is one issue however, also IMO, a Google to Edig loan of $500,000 would be required to be listed ( IE; debt, loan, misc income) on the balance sheet and that loan would most likely reach the threshold for a publicly traded company " material event" and therefore, need to be announced publicly?
Best,
Wheels
Great work and thanks, Plank!
Good news!
Wheels
PS A Happy Thanksgiving Holiday to all. We ALL have much to be thankful for.
My friend Joe, sometimes you need to be careful what you wish for.
Wheels
There's a whole lot to like about Mr. Parker's background and accomplishments but my guess is the highlighted portion of his PR announcement below is what EDIG's BOD found most attractive:
Mr. Packer is the former CFO of Geometric Results Incorporated ("GRI"), a Ford Motor Company business and technology services subsidiary. During his eight-year tenure at GRI, revenue increased from $3 million per month to over $800 million per year. Russ previously spent five years as a financial executive with Coca-Cola, including work on the IPO of Coca-Cola Enterprises, and ten years in investment banking with Shoreline Partners and Delphos Group. He holds a B.S. in Business Administration and an MBA from USC.
Best to all,
Wheels
Emma, you make my day.
You represent everything that is good about this Board!
Wheels