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Received the following e-mail from Garth Epling who is the Mateel Board VP:
Please feel free to post this on the Blog.
I think it’s time the community fully understand what Boots has offered the Mateel.
1. 300k up front licensing fee. (If Reggae is allowed to happen)
2. 50-50 Split of net profits. (Boots gets the first 300k of net. Mateel has no risk)
3. Complete open books.
Unfortunately, we don’t know what People Productions was offering because the December mediation was apparently as confidential as this week’s with Tom Dimmick. I do remember that PP and the Mateel discussed waiving confidentiality with regard to their offers. It would be helpful for comparison.