The licensing agreement which was reached in January 2016 between CEEK VR and Next Galaxy was the only way the Board of Directors of Next Galaxy could find to offer the possibility to give something back to the shareholders.
All information available on http://www.otcmarkets.com/stock/NXGA/filings
A Message to Shareholders
Our decision was made based on the fact that it offered the possibility for the shareholders to recapture their investment. This is not a short term solution, but a prospective solution just the same. The alternative was a complete and immediate loss of any potential value for the company. For additional information contact Michel@nextgalaxy.co
The Board of Directors