Sunday, April 12, 2020 4:31:18 PM
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"The Company is working very hard to achieve liftoff with our ARknet platform riding on our own KLK cryptocurrency to achieve truly global and frictionless consumer interactions using the virtual geolocated ARknet ARks. As a key part of successful liftoff, we have terminated our selling program under which we have been selling KLK20 tokens. We are taking this action because sales of KLK20 crypto tokens under our program are classified by the SEC as securities investments subject to regulations, which regulations remain in serious flux within the SEC. We have decided that the KLKs sold in this way risk having restrictions that could confuse and restrict the intended use of KLKs as an effective currency in our ARknet ecosystem. We believe that removing that risk will add fuel to liftoff! And to make sure there’s no going back, all purchases made under the selling program have been reimbursed by the Company to all buyers."
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