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Re: Agent92260 post# 105093

Wednesday, 08/14/2019 4:51:40 PM

Wednesday, August 14, 2019 4:51:40 PM

Post# of 105534
Still cleaning up Scitsler's mess....

Sale of China Stem Cell Stock and Convertible Debt

The Company entered into an Asset Purchase Agreement, dated June 19, 2019 (the “Golden Sun Purchase Agreement”), with Golden Sun Multi-Manager Fund LP (“Golden Sun”), whereby the Company sold all shares and convertible debt it held in China Stem Cells Ltd. (“China Stem Cells”) to Golden Sun. The total proceeds from the sale was $50,000. The Company previously wrote-off the entire value of shares and convertible debt held, and has accrued a gain for the full value of sale proceeds received on its statement of operations for the three and six months ended June 30, 2019.


https://www.sec.gov/Archives/edgar/data/1289496/000165495419009592/cbai_10q.htm
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