Solidus Communications Inc (SLDC)

[trader53]

SUGO - Analysis / Events

On March 19, 2015, Jack Zhang resigned from all offices and positions including as President and Chief Executive Officer and as a Director of the Company with immediate effect.

The Company will begin a search for a new President and Chief Executive Officer as well as a new Director.

In the interim, the Board has appointed the Company CFO, Erwin Vahlsing, Jr. as Interim-President and Chief Executive Officer.

Due to the recession notice, the Company is withholding the 15,000,000 shares of its Common Stock due to the shareholders of Vitall, Inc. under the original Agreement. If the matter is not resolved, the shares will be cancelled.

On March 17, 2015, CaerVision Global, Inc., a Nevada corporation (the “Company”) received a Termination Notice from Vitall Inc. of the Stock Purchase Definitive Agreement (the “Agreement”) with Vitall, Inc., a Delaware corporation (“Vitall”) entered into on January 26, 2015.

The notice stated the reason for termination was failure of the Company to raise a minimum of five hundred thousand dollars within sixty (60) days of closing.

The Company believes that the Notice of Termination was premature in that the sixty day period has not passed. The Company strongly disputes the recession and shall continue to pursue the enforcement of the contract.

SC 13G February 27, 2015 >= 5% Acquisition
SC 13G February 27, 2015 >= 5% Acquisition
SC 13G February 27, 2015 >= 5% Acquisition
SC 13G/A February 6, 2015 >= 5% Acquisition
SC 13G/A February 5, 2015 >= 5% Acquisition

http://stockcharts.com/h-sc/ui?s=SUGO&p=D&yr=0&mn=3&dy=0&id=p20360208697