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Jericho Energy Ventures removes 3% finder's fee from OG Advisory contract

1 report, 1 independent Updated Oct 22
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Jericho Energy Ventures Inc. amended its investor relations agreement with Orange Group Advisors, LLC. The original provision that entitled OG Advisory to a 3% cash finder's fee from certain financings was removed from the agreement. OG Advisory's compensation is now limited to cash fees and reimbursement of pre-approved expenses, and no securities of Jericho Energy Ventures Inc. will be issued to the firm.

From pr-inside.com

Why it matters

Some supportBrind's analysis of the reports

The change directly alters the financial terms between Jericho Energy Ventures Inc. and Orange Group Advisors, LLC. The removal of the finder's fee provision impacts the revenue structure for Orange Group Advisors, LLC, which is led by Yujia Zhai.

From pr-inside.com

Who's involved

  • SheridanAutomobile company where Orange Group Advisors operates
  • Yujia ZhaiLeader of Orange Group Advisors, LLC
  • Ben RichardsonBiodiversity informatician
  • LionessProgramming language developed by Sheridan
  • Brandon SklenarAmerican actor engaged in a film produced by Sheridan

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • SheridanSpeculative

    Sheridan might see reduced revenue due to the loss of the 3% finder's fee from Jericho Energy Ventures Inc. contract.

  • Yujia ZhaiSpeculative

    Yujia Zhai's firm, Orange Group Advisors, LLC, could see reduced revenue due to the removal of the 3% finder's fee.

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The entities involved

Coverage

Newest first; wire copies grouped