Thursday, January 17, 2019 11:15:17 AM
Main points of the letter:
•Resume compliance with the Company’s SEC filings obligations going back to the missing September 30, 2017 Form 10-Q;
•Settle outstanding toxic debt with proceeds from this financing;
•Resume quotations on the OTCQB (no reverse split will be undertaken to meet the $0.01 minimum bid mandate); and
•Alter the Company’s business model, which is a conditional prerequisite for obtaining this prospective financing.
Lastly, with the help of our business advisors the Company will start to explore strategic acquisition candidates to more rapidly expand the Company’s footprint within this marketplace as well as secure new technologies and patents that could have potential future long-term licensing opportunities for the Company.
https://www.sec.gov/Archives/edgar/data/1593470/000159347019000003/ex991.htm
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