Thank God I didn't let myself get suckered into this scam by Peter N. Lookee here...
The Company previously disclosed the consummation of the acquisition of Strategic Plans Pharma LLC (SPP) pursuant to the Stock Purchase Agreement. There are, however, significant potential claimed breaches of the terms of the Stock Purchase Agreement by all parties. The company was notified on March 31st , 2015 by Philip J. Snyderburn that their position is that no closing of the transfer of shares of SPP to the company occurred as a result of such potential and claimed breaches. Both parties to the Stock Purchase Agreement are claiming material breach. As a result, the company will not deem the Stock Purchase Agreement consummated, or SPP as a subsidiary of the company until these claims are resolved, if at all. The company has not consolidated any financial results of SPP at any time. In addition, during the period between the initial execution and delivery of the Stock Purchase Agreement and the date hereof, the company believes that SPP did not engage in any material operations what so ever. SPP has no capital no business and was only conceptual. SPP failed to deliver on document production, acquisition targets, and misled the issuer on material disclosures and status of SPP its assets and Model.
The issuers trading price was not effected as it is currently not actively trading and was not for this period and the period prior to the Agreement.
