Each one in plain English, with the numbers worked through for a shareholder.
12 Nov 2004material agreement● Neutral
LegalPlay agreed to pay litigation firm Uninet Technologies with a stake in the poker.com URL (up to 90%) to keep prosecuting the company's legal fight with Ala Corp and Communication Services Inc. over rights to the domain and trademark.
LegalPlay signed a non-binding letter of intent to merge with GamblingVision Group Inc., a private Nevada corporation, in a stock-for-stock reverse merger that would have made GamblingVision the surviving business -- the deal did not appear in later filings and likely lapsed.
The company, now renamed LegalPlay Entertainment Inc., pivoted away from poker technology to buy horse-handicapping software from Richmedia Technology for $20,000, launching a horse-racing prediction portal (DailyHorse.com).
Poker.com terminated an unrelated software license with Trimon Systems, judging it a poor return -- narrowing its focus to the skill-poker line acquired weeks earlier.
Poker.com licensed additional skill-poker technology from Pokersoft Corporation for $30,000 and 3,000,000 shares, expanding on the February patent purchase.
As Poker.com Inc., a small Vancouver-based shell (incorporated 1989), the company bought a skill-poker patent application and domain names from a Swiss firm for $50,000 cash and 3,000,000 shares -- its first identifiable business line.