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Monday, March 02, 2015 1:41:21 PM
There's no more former management of any kind. There are also no consulting agreements of any kind.
"...Debary, FL / ACCESSWIRE / January 5, 2015 / World Oil Group, Inc. (OTC PINK: WOGI) effective January 2, 2015 $WOGI has canceled all consulting agreements. The decision was made to cancel the agreement because the parties were unable to perform the services outlined in the agreement. Thereby, $WOGI was not receiving fair value for in exchange for the contract.
The cancellation will save $WOGI $15,000 per month and 1 million stock options a quarter that were to begin on July 1, 2015. The Company has not paid anything towards the consulting agreement and has no intention of paying anything...."
http://ih.advfn.com/p.php?pid=nmona&article=64980433
In fact it was a follow though from the 01/05/2015 PR that announced the cancellation of all consulting contracts and a reduction in O/S of 150M shares.
"...$WOGI mentioned in its last press release, the Company was going to take steps to get back the shares retained after the merger. After a few weeks of negotiations an agreement was executed to return the shares back to the Company. Currently 8 million shares are held at the transfer agent and 22 million shares are in the Company’s possession with the paper work to cancel those shares. The remaining 1.3 million shares will be returned to the Company.
The Company was able to recover an additional 500,000 shares that were issued to XSKN, which will be held by the Company until the proper paperwork has been executed by XSKN to enable the shares to be returned to treasury.
The Company is also seeking the return of 400,000 that where issued for a transaction for Cyber-Thingy and should have been returned prior to the merger that took place on the 28th of August. ..."
http://ih.advfn.com/p.php?pid=nmona&article=65262474
The paradox of iHub: buy high, sell low
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