Do some not realize that at this point certain statements are just embarrassing?
How does one even operate a public company without a bank account as announced and made public in the recent Q? Was it seized due to the lawsuits surrounding the CEO? Who was the director that took the $200,000 payment on behalf of EAPH? Now apparently EAPH has to put in their financial statements that they have no control over the funds and could be deemed unattainable? Doesn't a director have a fiduciary duty to act in the best interests of the company and its shareholders? How does a company even put that in their financial statements? THAT IS FRAUD! No if's and's or but's. 100% fraud. Spelled out and accepted by the company that has this person as a director!!!!! What action was taken? None? Proves acceptability by the rest of the board.
What is going on internally? Maybe when the beans were accidentally spilled yesterday by a long standing advocate of EAPH's ihub board poster with questionable insider knowledge that the CEO might be fired, it starts to all make sense now?
Another thing, can EAPH not figure out what they are trying to say with regards to their screwed up deals I mean look at this:
Page 20
In late March 2017, Easton and IBliss Inc. executed an agreement for the 100% acquisition of iBliss by Easton Pharmaceuticals. Subsequent
to the June 30th quarter, Easton issued 218,000,000 shares to IBliss
and its subscribers, which are to be held in escrow to be conditionally released as per milestone revenues as stated in its agreement. The Agreement is being renegotiated that will result in no cash payments to be paid, but to close with the advancement of the common shares, at which time, Easton will consolidate IBliss's revenues into its own financial statements.
Page 23
In late March 2017, Easton and IBliss Inc. executed an agreement for the 100% acquisition of iBliss by Easton Pharmaceuticals. Subsequent to the June 30th quarter, Easton issued 218,000,000 shares to IBliss and its subscribers, which are to be held in escrow to be conditionally released as per milestone revenues as stated in its agreement and contingent on a cash payment which may be renegotiated or canceled entirely.
So lets give the benefit of the doubt and assume its being renegotiated and there will be no cash payment because EAPH says so.
Then why was this PR'd?
April 11th 2017, over a year ago by the way.
Easton Pharmaceuticals Announces Finalization Of Agreement For The Acquisition Of Major Vaporizer and e-Liquids Manufacturer iBliss Inc; Annual Sales Projected To Once Again Reach $15,000,000 With Healthy Profit Margins in Excess of 40%
"Easton Pharmaceuticals is pleased to announce that both Easton and iBliss have agreed to and finalized all terms of the Acquisition Agreement whereas Easton will acquire 100% of iBliss Inc. and its holding company from its subscribers in exchange for common restricted shares in Easton Pharmaceuticals."
What about this PR two months ago when Crypto was hot?
Easton Pharmaceuticals Announces Development of a Blockchain and Cryptocurrency Initiative
How did they develop that with zero in development costs on the fins?
Shall I keep going?
