Southern Concepts Restaurant Group Inc (RIBS)

[NewJerichoMan]

Hopefully this is resolved cheaply, for our sake. But I do take solace that Ross hasn't fallen asleep behind the wheel. This is a legit issue that needs handling and a legit excuse for being tardy with filling. Is it ideal? Of course not. But the shell is alive, and the owner is clearly motivated to make some money.

"(1) On December 20, 2021, Switchback Capital LLC, an entity which is controlled by Ross Dimaggio, who in connection with the transaction became the sole officer and director of the Company, entered into an agreement to purchase 10 shares of 2021 Special Series A Preferred Stock (“Special Preferred Stock”). However, because the seller in the transaction purported to receive the Special Preferred Stock in June 2021 which was prior to the filing of the Articles of Amendment with the Colorado Secretary of State authorizing the Special Preferred Stock which did not occur until December 2021, the Company is currently treating the designation and issuance of the Special Preferred Stock as a nullity, and intends to file a Certificate of Correction with the Colorado Secretary of State to resolve this issue."