Victoria Lake Inc. (LVCA)

[NagStocks]

“Shortly after that release, as LVCA began to explore obtaining financing utilizing the LVCA entity, it became apparent to new LVCA management that the consultant who had advised GBI with respect to the purchase of the LVCA entity and the financing prospects of the combined GBI/LVCA venture had made certain material misrepresentations concerning the LVCA entity and its ability serve as a corporate vehicle through which GBI/LVCA could quickly and compliantly obtain requisite debt and/or equity financing. As a result, GBI management began to explore alternatives and were introduced to IGNG management, with whom the Acquisition was discussed and subsequently agreed upon. With respect to this rapid shift in strategy Bradley Yourist, speaking on behalf of himself and GBI officer, director and co-founder, Daniel Yourist, stated, “Once we obtained new information from third parties, after we had delved into an examination of LVCA, it became apparent to us that an unaudited, alternative reporting company corporate vehicle such as LVCA would be a millstone around GBI’s neck at a time when the Company most required the ability to be able to obtain and react quickly to market financing and acquisition opportunities.”

Oh Arcaro. I guess they realize pink tickers suck compared to QB. But why not just uplist. I guess to lazy?