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Thursday, August 14, 2014 6:39:22 PM
ITEM 1. LEGAL PROCEEDINGS
On June 12, 2014 a complaint was filed in the Delaware Chancery Court naming FreshTec, it’s officers, and the Company as Defendants. The complaint, filed by a minority stockholder of FreshTec, sought to enjoin the sale of the Freshtec technology to the Company.
"On July 29, 2014 the complaint was dismissed without prejudice as to the Company and the other defendants."
I believe this suit had prevented management from moving forward on certain matters. They are now free to develop their plans.
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