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Tuesday, December 30, 2014 5:09:53 PM
500,000+ shares were returned to the treasury.
Additional shares were issued to retire existing long term debt as these agreements were already in place. I negotiated for a much better exchange from several of the debt holders but they needed to get paid.
SLAM financing was in place and we could have made the deadline except for the DTCC Global Lock. The company did have previous knowledge of the issue and we were under a "chill" which they kept extending the deadline for us to answer them. Our attorneys were unable to satisfy them and they placed the lock on us without any further notice. We woke up one day and it was there. That placed our funding source on hold because no one knew or believed we could get the "lock" released. Very few, if any, companies trade after being "locked". It took a special attorney and lots of hard work to find the answers to DTCC's questions and as you now know, we got the "lock" removed!
Cola's were not filed because we have not finalized a manufacturing facility to produce our products. They have to be filed under their facility. We are now in negotiations and test with the company we believe will manufacture for us and that should all happen very quickly in January.
HempCore is fully developed. We just need to fund production and that will happen AFTER SLAM is produced and distributed.
Stock price is now in .001 range. When I took over in January 2014 it was .0001 so price is 1000% better.
WE ARE IN A MUCH BETTER POSITION THAN WE WERE WHEN I TOOK OVER.
We've had a LOT of obsticles to overcome and we've overcome EVERY ONE!
THIS WILL BE OUR YEAR!!!
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