Solidus Communications Inc (SLDC)

[jpast198]

As a result of the share exchange agreement with Telco Cuba in June 2015, the Company has determined that the oil and gas assets no longer fit with the long-term business strategy and the Company is, accordingly, seeking a suitable buyer for these assets. In prior years, the Company recorded a 100% reserve against the value of the mineral assets given the probability of being able to bring these assets into production.


While the company is a telecommunications company, for the last 9 months Telco Cuba has explored how best to monetize the property and have engaged a consultant to help in this matter.