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Tuesday, November 13, 2018 2:14:34 PM
"The objective, moving forward, is to start reorganizing the debt on the balance sheet, so the company becomes debt-free." That would be good for the debt holders which are very miniscule.
"Next, World Oil Group Inc. plans to have its financial statements audited and file an SEC Form 10 to become an OTCQB® Venture Market company this year." That sounds good.
"The last part of the plan is to enhance the Net Stock Holders' Equity in the Company by acquiring or joint-venturing with profitable business operations, and/or assets, using its Convertible Preferred Stock as currency." That sounds nice.
and then
World Oil Group Inc. CEO Aballay said, "This 3-Step Plan is necessary to attract investment and equity into our company. We will also restore investor confidence if we commit ourselves to remove affiliate and non-affiliate debt, become fully reporting with the SEC and file audited financial statements. We also need to build net stockholders' equity on the balance sheet. This is a process we are committed to moving ahead with, and our resolve to complete those tasks is a function of effort, teamwork and time."
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