Atlas Technologies Group (ATYG)

[THall]

Thats because Culter never paid the remaining $30k owed to CECI. The ticker is dead in the water.

CECI surrendered, and we cancelled, the single outstanding share of Series A Preferred Stock. The single outstanding share of Series A Preferred Stock carried super preferred voting rights enabling the holder to vote the equivalent of 61% of all voteable preferred and common shares issued and outstanding,
- We issued a new share of Series A Preferred Stock, carrying the same super preferred voting rights described above, to Mr. Cutler. As a consequence of this issuance, Mr. Cutler became our new controlling shareholder,
- Mr. Cutler was appointed as a director of ours and as our Chief Financial Officer,
- Mr. Cutler paid $5,000 to CECI on our behalf as a partial repayment of the outstanding fees due by us to CECI,
- Mr. Cutler undertook to pay a further $30,000 on our behalf as a full and final settlement of the outstanding fees due by us to CECI, such payment to be made on the approval by FINRA of a proposed name change and reverse stock split, and
- CECI agreed to accept the $35,000 to be paid to them by Mr. Cutler on our behalf in full and final settlement of the outstanding fees due by us to CECI.



The initial payment of $5,000 to CECI was made by Mr. Cutler as agreed.



There is no guarantee that it will be possible to complete the remaining terms of the Agreement.