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Wednesday, November 28, 2018 4:43:28 PM
Legal Proceedings
In April 2018, the Company received notice of a pending lawsuit, filed in the State of California for which the Company was one of several defendants named, citing several complaints including breach of contract, conspiracy to commit fraud, and specific performance. The Company’s position is that the claims are without merit and intends to defend itself and its position in a court of law. As of the date of the filing, the likelihood of loss and the amount of loss cannot be quantified and as such, no accrual has been made as of September 30, 2018.
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Also what is the status of this deal? did it ever happen?
https://backend.otcmarkets.com/otcapi/company/financial-report/196857/content
thanks
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