Comepay, Inc. (CMPY)

[lloydm]

GROC — 2015 Q3 Quarterly Report - Published: Nov 17, 2015


Management is pleased with the results of the 3rd quarter. During the period we made great strides in strengthening our balance sheet and position the company to take advantage of the opportunities within the robotic industry. During the quarter management successfully divested its operating subsidiary Forest Bio Products Inc. and eliminated approx $1,000,000 in liabilities along the way. Post divestiture the company’s debt was reduced to approx. $14,000. The divestiture resulted with the company recording no sales for the quarter. Expenses were minimal with the Company recording a net loss of only $12,890 for the period. The minimal loss was covered with shareholder short term interest free loans.

With the divestiture management was also able to negotiate the rescission of the international sales agreement with Aim International and in so doing cancelled 120,000,000 shares reducing the issued and outstanding capital to only 87,520,259 shares at the end of the quarter. Management made significant inroads into 2 University collaboration efforts to advance its navigation and guidance systems technology. The efforts would advance the deployment within specific targeted industries. We look forward to updating shareholders of these exciting developments in coming press releases.

Subsequent Events
On September 26, 2015 the company signed an agreement to purchase 100% of the capital stock of Cyberworks
Robotics Inc., a privately owned Ontario corporation. Under the terms of the agreement the company is to issue
160,000,000 common shares and 400,000 super voting Preferred shares in exchange of all of the shares of Cyberworks.
Closing for the transaction was after the end of the current reporting period. Full financial reporting for Cyberworks
will be available in the consolidated year-end financial statements for period ending Dec 31.
Total issued common shares as of November 15, 2015 is 247,520,259 shares.