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Re: UglyAmerican post# 1078

Friday, 10/18/2019 8:51:24 AM

Friday, October 18, 2019 8:51:24 AM

Post# of 1399
They filed a 10-k yesterday regarding year ending 2018

"The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 4 to the financial statements, the Company’s primary asset is a provisional Medical Marijuana Establishment Registration Certificate issued by the State of Nevada for the cultivation of medical marijuana. There is no assurance on the receipt and/or timing of final approvals from the appropriate authorities. The Company has not generated any revenues from inception (October 17, 2016) to December 31, 2017 and has an accumulated deficit at December 31, 2017. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are described in Note 4. The financial statements do not include any adjustments that might result from the outcome of this uncertainty."

It is a maze of subsidiary companies, C level resignations, terminations and has a provisional license, does not own the land or the building and has been part of Apex which was a complete meltdown disaster in 2017