SpendSmart Networks Inc. (fka SSPC)

[wealthmoney]

SSPC r/m filing otc stop sign r/m filed with 2.2m in cash paid Share Structure
Market Value1 $766,285 a/o Dec 11, 2017
Authorized Shares 300,000,000 a/o May 01, 2015
Outstanding Shares 45,075,571 a/o May 25, 2017 **********proxy out
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12416869
***************************************************************************Dear Stockholders of SpendSmart Networks, Inc.

A special meeting of stockholders (the “Special Meeting”) of SpendSmart Networks, Inc., a Delaware corporation will be held on December 22 at 10:00 a.m. local time For the sale of all of the operating assets of the Company;

After careful consideration, on September 20, 2017, our Board of Directors has approved the sale of the operating assets of the Company to Eclipse Marketing LLC, a Delaware limited liability company (the “Purchaser”), a newly formed entity which is affiliated with New Seneca Partners, a private equity firm .
The purchase price to be paid by the Purchaser for the Purchased Assets is $2,150,000 in cash payable at the Closing. ****************** http://www.eclipsemarketing.net/ ** http://eclipsemarketing.net/client-list.html ***** http://senecapartners.com/ ******** OUR REASONS FOR THE TRANSACTION The potential benefit of having available a publicly traded and reported company without any assets or substantial liabilities in order to effect a reverse merger with a privately operated company with greater potential than our current business.