Best most important parts of the SLNX 10Q. 10q here you go:
On April 23, 2014, the Company announced that David M. Green had consented to cancelling and retiring five hundred million (500,000,000) common stock shares of SLNX. The Company announced that its long term plan was to retire 1.5 billion shares and the five hundred million retirement of shares was merely the first of three five hundred million retirement of shares. The five hundred million shares Green consented to cancel and retire came from the shares issued to David M. Green, as part of his employment agreement and were issued on February 13, 2013.
On April 28, 2014, the Company’s Board of Directors passed a resolution ratifying and accepting Green’s April 23, 2014, consent to cancel and retire the five hundred million (500,000,000) common stock shares.
On May 1, 2014, the Company announced the appointment of Dr. Mark T. Cullen to the Scientific Advisory Board of SLNX. The Company also announced that it would be conducting due diligence on the Nevada and California markets for medical marijuana. Dr. Cullen is a Yale-trained retired medical doctor and medical director, who has been an entrepreneur since he has retired from medical practice.
On May 7, 2014, the Company filed a copy of the Dr. Cullen’s employment agreement with the company, which provides him with ten million restricted common stock shares a year in exchange for him heading up the Scientific Advisory Board of SLNX.
On May 8, 2014, the Company announced the acquisition of Tasty Greenz, LLC of Denver, Colorado. Tasty Greenz has designed various products which are derived from naturally occurring cannabinoids such as cannbidiol (CBD). CBD possesses no psychoactive properties and therefore these products should be able to go to market in the next two quarters. Dr. Cullen will taking the ideas and designs from Tasty Greenz and developing them further.
On May 9, 2014, the Company announced that David M. Green had consented to, on May 6, 2014, cancelling and retiring a second round of five hundred million (500,000,000) common stock shares of SLNX. The Company re-iterated that its long term plan was to retire 1.5 billion shares and the second round of five hundred million retirement of shares was merely the second of three five hundred million retirement of shares. The Company also announced that on May 7, 2014, the Board of Directors of SLNX voted unanimously to ratify and accept David M. Green’s consent to cancel and retire the second round of 500 million common stock shares of SLNX.
On May 12, 2014, the Company signed a Letter of Intent (“LOI”) with First Halifax Financial Corporation, Inc., a Nova Scotia corporation (hereinafter “FHFC”), and 9291-4423 Quebec Inc. d/b/a Germain Paul and Associates, a Quebec corporation (hereinafter “Germain”). FHFC, which is based in Dartmouth, Nova Scotia, will provide real estate and financial assistance to the First Nation corporation and Germain, which is based in Listuguj, Quebec, will provide technical assistance in terms of relationship management and strategic planning. The May 12th LOI cancelled and replaced the March 29, 2014 MOU previously signed by the Company and Mr. Earle G. Hickey.
On May 15, 2014, the Company announced that David M. Green had consented to, on May 13, 2014, cancelling and retiring a third round of five hundred million (500,000,000) common stock shares of SLNX. The Company re-iterated that its long term plan was to retire 1.5 billion shares and the third round of five hundred million retirement of shares was last of three five hundred million retirement of shares, meeting the goal that the Company had set to cancel and retire 1.5 billion common stock shares. The Company also announced that on May 14, 2014, the Board of Directors of SLNX voted unanimously to ratify and accept David M. Green’s consent to cancel and retire the third and final round of 500 million common stock shares of SLNX.
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