Companies House Says YES to GBP £7m Value

Completing a crucial phase in the arrival of M2E Holdings PLC, an agreement with Complete Earth Organisation was today approved by Companies House as to the issue of 695m fully-paid shares (face value £6.95m) in exchange for the services provided, including access to various technologies. The 30-year marketing and development license includes the option to purchase various technologies which Complete Earth‘s subsidiaries are creating for me2everyone.com members to enjoy.  

This ensures that all future shareholders are protected and that the key technology holder (which itself acts akin to a holding company and therefore exposed to very little commercial risk) will be fully involved in the development of me2everyone.com well beyond any IPO which M2E Holdings PLC will be involved in.

When combined with previously issued shares (for cash) the value of M2E Holdings PLC is now £7m. The agreement itself also allows for Complete Earth Organisation to receive a further 500,000,000 ordinary shares (fully paid) as follows:

a) when the membership hits 2m people, Complete Earth will receive 100m shares;

b) when the membership reaches 5m people and revenues also hit GBP £8m, a further payment of 200m shares will be made;

c) when the membership achieves 10m people a final payment of 200m shares will be paid to Complete Earth Organisation.

Naturally Complete Earth will remain committed to achieving these various goals, with the aim of securing a minimum of 540,000 business members by this time. Also it should be noted that the agreement calls for Complete Earth to act as the reservoir of shares for members to exchange their Metoos. The system for achieving this is almost completed, albeit slightly delayed due to the complexity of the algorithms governing the exchange. It is forecast that by the time membership reaches 120m members the pool of shares will be exhausted (although Complete Earth intends to retain a minimum of 100m shares for its own shareholders to enjoy). 

This really is a good day for everyone as a major milestone has now been achieved and we can confidently stride into the future.

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