Did this come to fruition Jason?
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 15, 2013, Adia Nutrition announced an exclusive Letter of Intent from LiveWire Ergogenics, Inc. (OTCQB: LVVV) to license the assets used to operate the Adia Nutrition probiotics business in return for an equity stake in LVVV (LiveWire Ergogenics, Inc.) and a revenue-based royalty agreement.
Adia Nutrition, Inc. announced in a previous filing that it is adopting a new corporate name, Homeland Forensics, Inc., and that it has formed and intends to spin-out a subsidiary known as Public Startup Company, Inc. to enable secure Internet-based crowd funding in a revised strategy to maximize the value of its legacy business assets in the fields of security and forensics.
Today, in connection with these previous negotiations with LiveWire Ergogenics, Inc. and as part of the Company's developing plan for the spin-out of Homeland Forensics, Inc. the Company's current Chief Executive Officer, Chief Financial officer, President, Treasurer, Secretary, and sole director, Jason Coombs, has resigned, effective January 27, 2014.
Bill Hodson, CEO of LiveWire Ergogenics, Inc. has been appointed CEO of Adia Nutrition, Inc. to replace the Company's outgoing CEO, Jason Coombs. Mr. Hodson has also been named the sole director of the Company, replacing Mr. Coombs.
The Company once again plans to conclude a spin-out of Homeland Forensics, Inc. which will include the subsidiary known as Public Startup Company, Inc. The new spin-out company will be a private company incorporated in Washington, D.C.
Jason Coombs will be named as the CEO and Chairman of Homeland Forensics, Inc. and Mr. Coombs remains CEO of its new subsidiary, Public Startup Company, Inc.
Adia Nutrition is filing the attached ACTION BY WRITTEN CONSENT OF THE SOLE DIRECTOR OF THE BOARD OF DIRECTORS OF ADIA NUTRITION, INC. dated 27 January 2014 to ensure that investors and other interested parties are informed in a consistent and fair manner about the Company's ongoing business development.
