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HESG |
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Pursuant to the terms of the non-binding letter of intent, the consideration to the sellers for the purchase of Kalahari's business and assets consist of shares of HESG common stock to be paid subject to an earn-out schedule over a period of three years. We assert that HESG does not own any SRIC assets, including Shugr(TM), because the final core closing documents were never fully executed, nor did HESG make the final payment due at closing," said Miles. As you know, HESG currently trades in the OTCBB, where valuations are often not indicative of the true value of the companies' future prospects. |
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