Quantum Metal Exchange Inc. (QMEI)

[was BoxedIn]

Not just according to me

VUMEE : AltSol, Inc. (formerly VuMee Inc.) Abandons Marijuana Share Exchange, Reverse Split and Corporate Name Change Plans

Washington, D.C. /TheNewswire /July 9, 2018 - AltSol, Inc. (formerly VuMee Inc.) (OTCMKTS: VUME) ("VuMee") today announced that on July 3, 2018, its CEO Sean Jahanian executed a Termination Agreement terminating the contemplated share exchange between VuMee and two Washington, D.C.-based marijuana manufacturing and distribution centers. VuMee was unable to obtain a legal opinion attesting to the legality of a U.S. listing of a Washington, D.C.-based marijuana manufacturing and distribution business, which was a pre-requisite to obtain financing prior to closing of the share exchange.

Following the execution of the Termination Agreement, Mr. Jahanian stepped down from his positions as corporate officer and corporate board member of VuMee, and Matthew Lawson-Baker and Robert L. Simmons each also stepped down from the company's board. The departing directors appointed Mr. Pui Lam "Rex" Cheung to serve as the sole corporate officer and sole director of VuMee.

On July 9, 2018, Mr. Cheung abandoned the company's proposed 1-for-10 reverse stock split and corporate name change. The reverse split is currently under review by FINRA, and Mr. Cheung has authorized the company's legal advisors to instruct FINRA to allow the application to lapse. The company plans to effect a change of corporate name from AltSol, Inc., back to VuMee Inc. as soon as possible.

https://www.stockwatch.com/News/Item.aspx?bid=U-thBglF9Zgl-U%3aVUME-20180709&symbol=VUME®ion=U

http://www.4-traders.com/VUMEE-12996205/news/VUMEE-AltSol-Inc-formerly-VuMee-Inc-Abandons-Marijuana-Share-Exchange-Reverse-Split-and-Corp-26896534/