Puget Technologies Inc (PUGE)

[KeepItRealistic]

$PUGE 8k on 3/31 describes in detail the responsibilities and priorities of the new CEO

3/31/2022 8k

https://www.otcmarkets.com/filing/html?id=15701540&guid=JNawkpv1YGi-B3h

“Mr. Cohen has been directed to prioritize raising the funds required to bring the Registrant current in its reports under the Exchange Act and to discharge existing debt, to evaluate the propriety of legal actions against former officers, and, to implement the business plan disclosed in the Registrant’s annual report on Form10-K for the year ended October 31, 2020. He will also consider, after consultations with owners of the businesses involved, whether any heretofore pending acquisitions by the Registrant that do not involve Now Health or Puget Puerto Rico should be followed up. Finally, he will enter into discussions with the Registrant’s current investment bankers as to how recent events impact that relationship, seeking to have it ratified and renewed.
 
As indicated in Item 101, Qest has used the Qest shares reacquired from Mr. Burckhardt as initial compensation for Mr. Cohen’s anticipated services to the Corporation, consequently, through his new ownership in Qest, Mr. Cohen has indirectly become one of the Registrant’s principal stockholders; however, it is anticipated that the Registrant will also enter into an employment agreement with Mr. Cohen in the near future, specifically defining his rights, duties and compensation, which is expected to be comprised primarily of qualified incentive stock options incentivizing him to develop the Registrant’s business in a profitable manner.”