other material
confidence high
sentiment neutral
materiality 0.35
Cosmos Group subsidiary buys two collectible art items for shares and deferred cash
Cosmos Group Holdings Inc.
- Coinllectibles to buy art from Peter David Hughes for £260,000: 43,633 shares at $4.00 + £130,000 cash after resale.
- Coinllectibles buys art from Yeo See Chin Adeline for USD $100,000: 12,500 shares at $4.00 + $50,000 cash after resale.
- Consideration shares valued at $4.00 each; cash portions payable only after the art is sold by Coinllectibles.
- Agreements subject to satisfactory condition and valuation reports; Purchaser can cancel if condition deteriorates.
- Vendor warrants authenticity, originality, and grants waiver of moral rights including minting into a fusion token.