I got a response to the email that I sent David Kugelman of Investor Relations:
From: xxxxxxx
Sent: Tuesday, December 05, 2017 5:22 PM
To: dk@atlcp.com
Subject: LCLP
Hi David,
I was wondering if you can give us any updates concerning Life Clips (LCLP), particularly in regard to the vacant CEO position, the 10-K annual report and the 10-Q third quarter report. And may I share your reply with the LCLP board on IHub?
Thank you,
xxxxxxx
~~~~~~~~~~~~~~~~~~~~~~~
RE: LCLP
DK
From: David L. Kugelman <dk@atlcp.com>
Sent: Tuesday, December 05, 2017 7:17 PM
To: xxxxxxxxxxx
xxxxxxx
You’re welcome to share my response. Our CFO, Valerie Rudman, is working to complete the audit, just as she was before Huey resigned. I’m sure there is some cleanup after cancelling the merger with Ascenda, but the positive is we won’t need to produce two years of audited financial statements for them. I can tell you from experience that the 10-K is the most difficult, so I don’t see the 10-Q holding up the process, once the 10-K is complete. In my opinion, getting caught up on the filings is more important than a new CEO. Ms. Rudman is very capable of running the show at this point.
