Any changes expected from RhythmOne buying Perk?

Solar2D General Questions/Discussion
#1

Just a general question now that RythmOne bought Perk. Does anybody know where Corona Labs fits into the RhythmOne business? And what changes if any are expected?

#2

Actually, I just realized something from looking at Perk’s financials. Corona Labs is not own by Perk anymore. This I guess is the reason why the Perk logo has disappeared from the site as well as the plug-ins.

From the November 3rd quarter financial reports:

  • The Company completed the sale of Corona to Roj Niyogi, Chief Executive Officer of Corona. In consideration of the purchase, Mr. Niyogi returned to Perk for cancellation 1,879,532 common shares and 1,505,972 Class A restricted voting shares in the capital of Perk, representing all of the shares held by Mr. Niyogi in Perk, and Perk paid to Mr. Niyogi aggregate cash proceeds of $1.75 million. Additionally, over the 12-month period following closing of the transaction, Perk will pay up to a maximum of $0.75 million to help facilitate the transition of Corona’s operations to Mr. Niyogi. Mr. Niyogi also resigned as a Director and the President of Perk in conjunction with this transaction.
#3

Actually, I just realized something from looking at Perk’s financials. Corona Labs is not own by Perk anymore. This I guess is the reason why the Perk logo has disappeared from the site as well as the plug-ins.

From the November 3rd quarter financial reports:

  • The Company completed the sale of Corona to Roj Niyogi, Chief Executive Officer of Corona. In consideration of the purchase, Mr. Niyogi returned to Perk for cancellation 1,879,532 common shares and 1,505,972 Class A restricted voting shares in the capital of Perk, representing all of the shares held by Mr. Niyogi in Perk, and Perk paid to Mr. Niyogi aggregate cash proceeds of $1.75 million. Additionally, over the 12-month period following closing of the transaction, Perk will pay up to a maximum of $0.75 million to help facilitate the transition of Corona’s operations to Mr. Niyogi. Mr. Niyogi also resigned as a Director and the President of Perk in conjunction with this transaction.