Matchaah Holdings Inc. (MCHA)

[Slojab]

Typical. But it shouldn't come as any great surprise.

Look at the people who ran this company, past and present. And the people they were involved with.

NOTE 3 - Acquisition of Income Stream
On November 20, 2014, the Company entered into an agreement to issue 2,638,814,286 shares of its common stock in exchange for an annual income stream of $2,308,963 derived from providing real estate rental management, funding and other services to the medical marijuana industry. An asset representing the discounted value of this income stream in the amount of $2,374,933 was recorded on the Company’s books. Pursuant to FAS 157 the asset was valued at the number of shares issued multiplied times the stock price as of the date the agreement was executed. As of December 31, 2015, the Company was unable to complete the issuance of the shares and conclude the transaction. The Company therefore elected to cancel the share issuance and rescind the transaction.