Crimson Forest Entertainment Group Inc. (CRIM)

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This is beyond hilarious for more than one reason:

10. SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred after November 30, 2015 up through the date the financial statements were issued. During these periods, the Company did not have any material recognizable subsequent events required to be disclosed as of and for the three-month period ended November 30, 2015, except as follows:

The Portnice convertible note balance as of February 28, 2017 was nine-hundred-thousand dollars (USD $900,000) plus $85,520 in interest. The Company has renegotiated the Portnice note so that the maturation date has been extended to Dec. 31, 2017 and that the formula for conversion, should the Company not fully retire the balance and interest by Dec. 31, 2017, shall be established as a thirty-percent (30%) discount to the market for the Company’s common stock shares, during the previous ten (10) days of trading, utilizing a Volume Weighted Average Pricing (VWAP) formula to determine the prevailing price against which the discount-to-market shall apply.