HeadsUp Entertainment International Inc (HDUP)

[grantastic]

Investors got Kellner'd ... again...

http://www.otcmarkets.com/stock/HDUP/news/HeadsUp-Entertainment-Executes-Rescission-Agreement-with-Fanlogic?id=147686&b=y

LAS VEGAS, Dec. 23, 2016 (GLOBE NEWSWIRE) -- HeadsUp Entertainment International Inc. (Pinksheets:HDUP) announces that on December 21, 2016, it executed a rescission agreement (the “Rescission Agreement”) with Fanlogic LLC, a daily fantasy, social gaming and eSports company (“Fanlogic”). HDUP previously announced that it had entered into an Asset Contribution Agreement with Fanlogic to acquire the assets and associated technology of Fanlogic, which owns and operates proprietary software to launch social fantasy sports and social casino games. HeadsUp had also previously issued to Fanlogic 60,000,000 restricted shares of common stock at a price of $0.06 per share as consideration for valuation of the Fanlogic technology and assets of $3,600,000.